Fiscal Year End--Thank Goodness!!

Promise House's fiscal year is coming to an end August 31. It has been a tough year for us, no doubt about it. We had to make some extremely hard decisions in order to cut expenses, including the reduction of salaries by 10%. I want to again thank each and every one of my staff members for the sacrifices you have made this year to help get us through.

I am thrilled to report that we will end the year WITHOUT a deficit (unless some act of God happens) and maybe a small surplus. The outlook for next year is still not great, and to that end, we have adjusted the 2009 – 2010 Budget to reflect that. However, the Executive Team’s TOP priority in 2009 – 2010 is to begin restoring salaries, if possible.

The most incredible and awesome thing about this past year is that it looks like we will have served almost 1,000 more clients than last fiscal year, with less money, and with staff taking a salary cut. That is truly a mirror for what is going on in the economy and how many teens and families are in trouble because of it.

Everyone involved with PH played a significant role in getting us through this past year. I hope you will take at least a moment to compliment yourself and your colleagues for your Herculean efforts; and for the exemplary service you provided to our clients, in spite of these rough times.

You are truly the BEST, and I am honored and humbled to work with you.