USRowing Association

YTD June 30, 2007 Summary

June 2007 Quarterly Budget Report

Overall, June 2007 actual year-to-date revenue was $1,232,000 more than year-to-date expenses. As compared to budget, revenues were $93,000 more than expenses. 

The June 2007 actual year-to-date revenue was $92,000 more than the year-to-date budget. This is largely a result of more revenue received in Events, Merchandise Sales and Investment Activity.

The June 2007 actual year-to-date expenses were $355 less than the year-to-date budget. This is largely a result of less expenses in Program/Events ($4,000), Salaries & Benefits ($43,000), Occupancy ($7,000) and higher expenses in General & Administration +$54,000 (commercial insurance & legal fees).

Brian Klausner, Controller