Budget Considerations are what Ace Makerspace decision-makers should think about and discuss when making budget decisions. Revenue must cover operating expenses, loan obligations, and contributions to reserves. Purpose Ace’s budget is a reflection of our shared priorities, the needs of our community, and our commitment to using our resources thoughtfully. The budget review process provides …
Category: Finances
Annual Budget Planning Process
Our Annual Budget Planning Process outlines the steps involved, who is responsible for each step, and when each step takes place. Goal The Board approves an annual budget for the upcoming fiscal year before the fiscal year begins on July 1. Considerations Thoughtful decision-making is essential at every step of the Budget Planning Process. Ensure …
July to September 2026 Financial Report
Q1 Monthly Financial Summary for July–September 2026 The table below presents the monthly financial results for July through September 2026, based on the final financial reports. July 2026 Aug 2026 Sep 2026 Q1 Total Operating Revenue $18,212.83 $18,904.17 $19,377.04 $56,494.04 Operating Expenditures $16,685.00 $17,393.45 $18,436.50 $52,514.95 Net Operating Revenue $1,527.83 $1,510.72 $940.54 $3,979.09 Q1 Summary: …
Finance Dashboard
A quick note for members: We’re currently working on updating the financial information on this post. In the meantime, monthly financial reports can be found under Monthly Financial Reports, our bylaws-required annual reports under Annual Reports, and our annual tax filings under Annual IRS 990 Tax Filings. Financial Statements are available from the Treasurer upon …
2026-2027 Fiscal Year Budget
This post documents the Board-approved annual budget, subsequent quarterly amendments, and the rationale for significant changes to support financial transparency and accountability throughout the fiscal year (July 1 2026 to June 30 2027). 2026-2027 Approved Budget The Ace Financial Officers (CEO, Treasurer, and Assistant Treasurer) prepared the draft and documented the budget considerations and submitted …
March to June 2026 Financial Report
Monthly Financial Summary for March–June 2026 The table below presents the monthly financial results for March through June 2026, based on the final financial reports. On August 7, 2026, Ace Makerspace closed the books for fiscal year ending June 30, 2026. Mar 2026 Apr 2026 May 2026 Jun 2026 Operating Revenue 21,902.68 25,759.41 19,591.95 18,725.11 …
February 2026 Financial Report
Feb 2026 Income $23,769.12 Expenses $15,844.90 Net Operating Income $7,924.22 Net Cash Increase $5,938.79 These numbers are final per closed books. On August 7, 2026, Ace Makerspace closed the books for fiscal year ending June 30, 2026. Preliminary numbers were initially reported pending final reports from accounting firm.
January 2026 Financial Report
Jan 2026 Income $22,878.44 Expenses $14,439.80 Net Operating Income $8,438.64 Net Cash Increase $9,410.18 These numbers are final per closed books. On August 7, 2026, Ace Makerspace closed the books for fiscal year ending June 30, 2026. Preliminary numbers were initially reported pending final reports from accounting firm. 2025-2026 Budget Reference For context on planned …
2025-2026 Fiscal Year Budget
2025-2026 Approved Budget This 2025-2026 budget was approved by the Board at the Special Board Meeting on February 8, 2026, retroactively covering July 2025–January 2026 and the remainder of the fiscal year. Approval: February 8, 2026 (Special Board Meeting). Retroactive: July 2025–January 2026. Forward: Rest of fiscal year, February 2026–June 2026. Download PDF: Budget Overview Budget_FY26_PL-FY26PL Finance …
Finance Advisory Committee
Overview The Finance Advisory Committee (FAC) supports Ace Makerspace’s financial planning and oversight by reviewing financial information, evaluating policies and procedures, and providing recommendations to the Treasurer and the Board of Directors. The FAC is an advisory body in accordance with the bylaws and does not have independent decision-making authority. Its role is to provide …