Summary as of December 31, 2016
|
Actual
|
Budget
|
Total Cash and Investments*
|
$ 191,604.37
| |
Year to Date Income
|
$ 100,097.77
|
$ 99,200.00
|
Year to Date Expense
|
$ 86,143.79
|
$ 99,200.00
|
Net Income Year to Date, surplus/(loss)
|
$ 13,953.98
|
$ 0.00
|
* in checking account plus Money Market account
Our Repair and Replacement Reserves had a balance of $162,998.29 at the end of 2016, and Total Reserves, including cumulative operating contingency reserves from prior years, was $168,837.59. We are currently budgeting an annual contribution of $21,000 to the Repair and Replacement Reserves. The Reserves are fully supported by the Total Cash and Investments.
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