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Lenox Park
News
 
 

Budget Bits - December
Posted on Dec 15th, 2016

by Mike Bossio, Treasurer
 
We continue to make our scheduled deposit of about $13,100 per month in the Reserve Fund and our balance is approximately $520,000. We now are expected to have a year ending balance of about $533,000, which will exceed our $525,000 target by about $8000. Our expenses are still in line with our projections. Expenditures that are over their budgeted amounts have been fully approved by the Board. Offsets have been identified for these expenditures. Hence, we are still comfortable with our financial performance to date. I will continue to keep you apprised of our financial performance.