Alison Luxner
The following table is a summary of the Book and Paper Group finances at the end of September 1998. The pattern of expenses and revenue are fairly predictable: revenue is highest at the start of the year when most members pay their dues. The largest expenses fall into the middle two quarters when the BPG Annual is printed and mailed, and also when the bills for the Annual Meeting are paid.
The final column in the table shows the amounts we had estimated for revenue and expenses when the budget was made last year. The actual numbers are very close to the budgeted amounts, the difference being that we have a slightly larger surplus than anticipated.
The cumulative figures below the table show the balance we have
within the AIC accounts. During the third quarter our expenses
were higher than revenues by the amount in the bottom row of the
3rd quarter (actual) column, thus our balance was reduced
by that figure to the current balance of $37,007.67.
| BPG Statement
1998 |
1st Quarter (actual) | 2nd Quarter (actual) | 3rd Quarter (actual) | Year to date (actual) | Year to date (budget) |
| Revenue | $22,605.00 | 3,892.00 | 1,931.00 | 27,868.00 | 27,210.00 |
| Expenses | 3,331.80 | 7,534.48 | 11,982.08 | 22,848.36 | 22,345.00 |
| Surplus
(Deficit) |
18,713.20 | (3,642.48) | (10,051.08) | 5,019.64 | 4,865.00 |
| Opening Balance: | $47,058.75 |
| Third Quarter: | (10,051.08) |
| Current Balance: | $37,007.67 |