February 2016

Post date: Feb 17, 2016 12:30:2 AM

The Budget Report and Balance Sheet for the second quarter of the fiscal year are attached. We had a net operating surplus of $5,544 for the period, principally due to Distribution Center income being significantly over budget and Distribution expenses being slightly under budget. Differences of that sort tend to average out over time. Donation income is under budget for the year to date, but it is more than triple the donation income for the same period last year. Our investment accounts suffered a loss of $736 for the period, due to declines in financial markets.