A Fiscal-Year Change

Starting in 2008, the CAFB staff and board of directors made an important decision to change our fiscal year, which now begins October 1 and ends September 30.  Why the change?  First, the holiday season is when we, and food banks nationwide, typically receive the most support. With the new fiscal year, potential surpluses or shortfalls at the end of the calendar year can be integrated into operating and capital expense planning throughout the remainder of the fiscal year.  Another benefit: our new fiscal year also aligns us with that of most government grantors. This annual report represents January - September 2008.  Total public support and revene for fiscal year 2008 was $23.4 million. Net assets were $9.84 million.

Schedule of Support, Revenue, Expenses and Net Assets For Year End September 30, 2008