michael h schneider
06-21-2002, 07:22 AM
The following is from NAWCC Deputy Executive Director Robert P. Green. Txhibits are not attached, this is only the cover sheet. He can be reached at
robb@nawcc.org
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Attached are financial exhibits for April 2002, the first month of the new fiscal year. Each year there is a delay before we can produce the April report, while we finish reports for the year just ended and set up the books for the new fiscal year.
The April net operating result was a positive $9 thousand. This result was $44 thousand better than the budgeted loss of $35 because expenses were continuing to be maintained at a low level. Member dues were the most significant positive item with revenues exceeding budget by $21 thousand.
There have not been any withdrawals from the investment account to pay operating expenses. At the end of April, the gross liquidity reserve (investments less loan balance) was $1.451 million, an increase of $217 thousand over last year at this time.
The Museum admissions were only slightly higher than prior year; however, with the arrival of new merchandise and restocking for the summer season, sales in the gift shop show a significant upward trend.
Trends are impossible to establish with only one month?s history. We look forward to May?s results to see if the start of a good year continues.
Robert P. Green
Deputy Executive Director
robb@nawcc.org
**************
Attached are financial exhibits for April 2002, the first month of the new fiscal year. Each year there is a delay before we can produce the April report, while we finish reports for the year just ended and set up the books for the new fiscal year.
The April net operating result was a positive $9 thousand. This result was $44 thousand better than the budgeted loss of $35 because expenses were continuing to be maintained at a low level. Member dues were the most significant positive item with revenues exceeding budget by $21 thousand.
There have not been any withdrawals from the investment account to pay operating expenses. At the end of April, the gross liquidity reserve (investments less loan balance) was $1.451 million, an increase of $217 thousand over last year at this time.
The Museum admissions were only slightly higher than prior year; however, with the arrival of new merchandise and restocking for the summer season, sales in the gift shop show a significant upward trend.
Trends are impossible to establish with only one month?s history. We look forward to May?s results to see if the start of a good year continues.
Robert P. Green
Deputy Executive Director