[Lnc-business] End-of-Month Financial Reports

[Tim Hagan]

The December 2014 End-of-Month Financial Reports are attached.

The LNC ended the year with a deficit of $9,373. The year's Support & Revenue ran $62,664 under budget, and Costs & Expenses were $41,891 under budget. 

December had a $5,039 deficit, however $9,482 of depreciation for the building was booked in December (included in 8300-Depreciation Expenses on page 3). If you take out this depreciation, December would have had a surplus and the year would be essentially balanced, with a surplus of $109. The reserve dropped to $5,021.35 and remains under the reserve requirement.

Tim Hagan

 
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