Message from The Treasurer and Financial Statement

ICLI Annual Report 1433AH / 2012AD ICLI Annual Report 1433AH / 2012AD ICLI Annual Report 1433AH / 2012AD ICLI Annual Report 1433AH / 2012AD Message from the Treasurer

Dear Valued Community Members: Assalamu Alaikum Warahmatullahi Wabarakatuh I hope this message find each one of you in the best of health with blessings from Allah (SWT). This has been yet another exciting year for our beloved Center. Current Executive Committee, in its 1st year in office, is engaged and committed to excellence and planning a secure financial future for ICLI. With the help and dedicated efforts of our volunteers, we have made great strides in making ICLI a true center of excellence and provider of religious and social services to our growing community. In the first quarter of 2012, Board of Trustees approved Budget for the year prepared and presented by the Executive Committee. The budget plan provided a framework to operate ICLI in a manner consistent with good governance practices and operational efficiencies keeping in view limited resources of ICLI. With growth of ICLI into a major religious and social institution, the challenge to maintain financial health has become a priority for the entire governing body of ICLI. Our community is also on-board in our mission to keep ICLI a viable enterprise ready to meet future challenges. During 2012, Board of Trustee and the Executive Committee collectively continue to work towards the expansion project formally initiated in 2008. The planned expansion will be the biggest project that the center has ever undertaken. The construction of new multi-purpose building adjacent to Masjid, will result in transformation of the entire center. The project is part of ICLI’s long term plan to meet growing needs of its community more specifically housing Saturday/Sunday school classes in a secure and organized space. The project started with demolition of two houses. The project is in its infancy but the magnitude and scope of the same makes it incumbent upon the entire community to actively support the effort financially as well as volunteering personal time. When looking at the project, we have to be cognizant of our legacy and commitment to our next generation. Some of the other financial initiatives taken by ICLI during the year are as follows: • Continued to promote IC Pass throughout the year. IC Pass is a convenient vehicle for the community to donate to the Center on a monthly basis with full tracking and record keeping. We firmly believe that program such as IC Pass will be an important part of achieving financial sustainability at ICLI. A major push was undertaken during the month of Ramadan. • With the efforts of Education Committee, Saturday/Sunday school experienced a robust enrollment for school year 2012/2013. A number of students are still on waiting list. We are working hard to come up with additional space within the ICLI campus to either enlarge current class size or add additional classes for various grades. • Chairman Sajid Shah and President Hamza Byas continued to work diligently towards targeted sponsorship initiatives to fund short and long-term improvement projects. The initiative is ongoing and sustained help from the community is key to its success. • During the month of Ramadan and Saturday/Sunday School registration, an aggressive membership drive took place to enlarge Center’s current membership roster. We will continue to work with the Board of Trustee and most importantly our community to turn challenges into opportunities. This will be a concerted effort and we are in it for a long haul. I, on behalf of Executive Committee, also pledge and rededicate myself to do my best to ensure that budgetary plans are carried out and the Center continues to provide services to the community while maintaining sound fiscal health in the foreseeable future. With warm regards,

Ishan