May 2018 Financial Report

Here are the May financial figures:  

  • Operating Income:   Actual YTD Operating Income of $183,864 is $1,517 over the budget of $182,347.    
  • Operating Expenses:  Actual YTD Operating Expenses of $189,382 are $8,279 under the YTD budget of $197,660.
  • Net Loss:  For the first five months of the fiscal year, we had a net loss of $5,518, compared to a budgeted loss of $15,313.

Financial Notes

Although the financial results of the first five months of the fiscal year show a loss, it was less than the anticipated loss.  This is because pledges and other income items were higher than expected and total expenses were lower than expected.  It is hoped that this trend will continue through the summer.