March 2016 Quarterly Budget Report
YTD March 2016 Summary
Overall, 2016 revenue is $995,532 more than expenses. As compared to budget, revenues are $720,471 more than expenses. This will balance out over the next 2 because we receive a higher amount in grant income from the USOC in the 1st and 2nd quarters than the last two quarters.
The 2016 revenue is $175,899 more than the 2016 budget. This is mainly a result of Membership Dues and Sales.
The 2016 expenses are $99,162 less than the 2016 budget. This is largely due to timing of payments in program expenses, travel expenses, and salaries and benefits.
Brian Klausner, Controller