Financial Comments - DTMA
Financial Comments - DTMA
August 31
The financial comments individually cover each of the two preceding months and year to date through the second month.
July
July operations resulted in a net operating loss of $12,845 (i.e. Total Income of $7,935. - Total Expense of $19,836. - Net Other Loss of $944).
Real General Income of $8,595 came from mailing label income of $75, member initiation fees of $300 and the balance from actual member dues. Real Net Program Expense of $659 (included net income from membership directory, newsletter, wage survey and website, offset by net expenses from industrial show, member meeting, and Workers' Compensation).
Of the $19,836 in Real Total Expenses, 98% was for administration. Expenses for committee activities totaled $427.
The Net Other Loss of $944 included an investment loss of $1,044.
August
August operations resulted in a net operating income of $452 (i.e. Total Income of $6,976 - Total Expense of $6,369 - Net Other Loss of $155).
Real General Income of $8,464 came from job posting and mailing label income of $250 and the balance from actual member dues. Real Net Program Expense of $1,488 primarily came from newsletter expense of $1,823, offset somewhat by monthly meeting income of $475.
Of the $6,369 in Real Total Expenses, 91% was for administration. Expenses for committee activities totaled $543.
The Net Other Loss of $155 included an investment gain of $681 and other expenses of $936 (computer interest and personal property tax).
Year To Date and Same Period Last Year
Through August 04, Total Income of $120,033 exceeded Total Expenses of $112,568 and Net Other Expense of $1,133 by a Net Income of $6,332 (5%) compared to a Net Income of $14,368 for the same period last year.
To date, Total Income (General Income + Program Income) is about 3% or $3,323 under budget. Total Expense is under budget about 5% or $5585. Continuing good job managing to budget expenses. Some comment on individual line items through August 04:
Total Income: 7% greater than last year
General Income: 7% under budget and 2% ahead of last year
- Membership Dues - 6% under budget and 2% behind last year. Initiation fees are 18% under budget and 14% ahead of last year
- Job Posting - 6% under budget
- Mailing Labels - 450% above budget and 181% ahead of last year
Program Income/Expense: Net Income 4% over budget, and 19% ahead of last year
- Membership Directory - Net income $104 under budget
- Monthly Meetings - 33% net income above budget, and 18% ahead of last year
- Newsletter - Net expense 9% over budget
- Wage Survey - net income 7% under budget
- Web Site - Net income slightly above break even
- Workers' Compensation - 1% net income over budget
Total Expense:
- Administrative Expenses - 6% less than budget and less than 1% of last year
- Committee Expenses - 33% ($1,206) over budget