Treasurer’s Report, January 2020

I

Written by Board Treasurer

On February 4, 2020

December Highlights: Total revenues for the period were $170,036, down 6% from November, and total revenues for FY19 were $2,229,917, roughly 1.5% under budget.

Operating expenses for the period were $181,658. This was 27% over budget, however, expenditures for real estate and Sanitary District taxes that were budgeted for November were paid in December, and trash fees were also significantly over budget.

Total operating expenses for FY19 were $1,703,568, 7.45% under budget, thanks to the fiscal discipline of our General Manager and office staff. December showed a net loss of ($42,405) for FY19; net income was $156,958, and net cash flows for the year were also positive with an increase of $404,460. Total assets increased to $4,348,235.

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