Members,
The End of Year accounting shows that ELHA was over budget by approximately $59,000. We were aware of this over the last year knowing we have good reserves to cover the costs. Here are the key reasons:
- Income as budgeted was down due to the cabins being worked on through the summer.
- Expenses were up due to the costs related to significant road improvements; cabin repairs; training for the caretaker’s commercial driver’s certification; year over year adjustments for fees and collections; and several smaller budget differences.
Here is the budget Profit and Loss Statement.
P&L Budget vs Actual FY 2023-2024
Any questions and discussions are welcome at the July Annual Membership Meeting.
Thank you,
Ken Berendt, ELHA Board Treasurer
