by Mike Bossio
Our financials continue to perform as planned. The December 1 Operating Fund sits at $164,249.43, an increase from the previous month’s balance ($154,554.87). The December 1 Reserve Fund now stands at $1,061,502.39, a minor decrease from the previous month’s balance ($1,062,032.54). Although we deposited our budgeted amount of $14,226.17 in the RF, we spent $13,190.00 for planned painting expenses and $1,700.00 for planned concrete expenses. These two expenses netted an overall reduction in RF funds.
The Reserve Fund actual amount of $1,061,502.39 compares to the Reserve Advisors Anticipated December 1 Reserves of $1,033,695 (calculated). This calculated amount is based on linear extrapolation of the elements that make up the Anticipated Reserves, namely, Recommended Contribution, Earned Interest, and Anticipated Expenditures. We are exceeding the RA Anticipated Reserves by about 2.7% YTD.
I will, of course, continue to keep you apprised of our performance on a monthly basis.
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