Slideshow image

Income in March was $47,119 which was lower than both the budget of $53,525 and the prior year of $53,813.  For the first 3 months, income was below budget by ($30,446).  We think that this shortfall is a timing difference as our current year budget is approximately equal to last year's actual.  But we will watch this closely as the year progresses.  Expenses in March were $59,112 which were lower than the budget of $62,993.  We had a deficit for the month of ($11,993) compared to the budgeted deficit of ($9,468).  The mortgage balance, after the March payment of $2,270 (principal $758 and interest $1,512), is $349,654.