Financial Update

RPC 

Financial Update 

With two thirds of 2017 having passed, an up-to–date (Aug. 31) Financial Status Report is being provided. 

Income (all sources) Actual Budgeted Income Deficit 

$171,143 193,721 -22,579 

Expenses $186,386 193,201 

Amount Current Expenses exceed Income = 15,243 

Observations: 

1. The shortfall in income at summer’s end is an annual occurrence. Attendance picks up in the fall as does the “catch up” on Estimated Gift Giving. 

2. As usual, expense control is excellent- we always come in under budget. 

3. Variations in cash balances, pre-paid expenses, etc. tend to smooth out