At the March 4 FHA Annual Meeting, Treasurer Joan Sheahan presented a financial statement for 2016. The statement showed an operating loss of $20,219.65 for the year. Joan explained that the smaller 2016 tour produced a lower net return than previous tours, and that some unexpected expenses—such as a new generator and pump for the emergency services trailer—had contributed to the deficit. However, Joan pointed out that the FHA still has a bank balance above $60,000.
This year’s tour will be larger again, featuring 15 open homes, with the goal of attracting over 900 attendees; this should put the FHA back into the black for 2017. Here’s a copy of the report: Financials for 2016
