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Lenox Park
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Budget Bits - November
Posted on Nov 11th, 2017

by  Mike Bossio, Treasurer
 
Our financial performance through October was as expected. We deposited our budgeted amount of $16,150 into the Reserve Fund yielding a balance of $595,696. We expect to end 2017 with $627,996. I am very pleased with this since we had unanticipated expenses in 2017 exceeding $80,000 (these include 3 fallen trees, bills for services rendered in 2016 but submitted in 2017 exceeding $18,000 and repaving Lenox Park Drive from 13 Mile Road to New Life Drive for $49,000). Our Operating Fund is still at a healthy $70,121. I will continue to keep you apprised of our financial performance.