Here are the July Financial figures:
• Operating Income: Actual YTD Operating Income of $241,488 is $9,021 under the budget of $250,509.
• Operating Expenses: Actual YTD Operating Expenses of $242,464 are $12,680 under the YTD budget of $255,144.
• Net Loss: For the first seven months of the fiscal year, we had a net loss of $976, compared to a budgeted loss of $4,635.
Although the financial results of the first seven months of the fiscal year show a small loss, it was less than the anticipated loss. This is because other income items were higher than expected and total expenses were lower than expected. As of July 31st, we are in good financial shape.