<html><head></head><body><div style="color:#000; background-color:#fff; font-family:HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;font-size:16px"><div dir="ltr" id="yui_3_16_0_1_1445840952186_3581">The draft budget for 2016 is attached in both Excel workbook and Microsoft XPS Document formats. In the workbook, the first sheet is the budget to be considered at next month's meeting. The numbers in the budget come from the Acct Detail sheet. Most of
the amounts for 2016 (column N of the Acct Detail sheet) are based on
the average of the amounts in 2012 and 2014. The footnotes at the end of
the Acct Detail sheet explains how the other numbers were derived, for
example the numbers with footnote (d) are based on the projected amount
from 2015. The budget has $1,514,461 for revenues. Expenses are
$406,822.53 for the cost of support and revenue, $1,100,850 for program expenses, and $15,000 for Capital Expenses, resulting in a deficit of
$8,211.52.</div><div id="yui_3_16_0_1_1445840952186_3580"><br></div><div id="yui_3_16_0_1_1445840952186_3579">Tim Hagan<br></div></div></body></html>