Financially, no big surprises in Q1 and things are going well.
A few key remarks:
— Revenues are higher than last year and higher than 25% of annual budget.
— running ahead of budget is normal in Q1 as we bill high summer water use.
— increase over last year is due to BOTH increased price/cf AND increased billed volume, higher water use this year.
— High cost in Business Ops is because we paid Insurance ($16k) in Sept instead of Oct.
— This is by far our biggest BizOps expense of the year, which explains why we are so far ahead of 25% of Budget.
— Utilities are 18% > than last year. This is because we’ve taken delivery of propane.
— Total fund balance is at $340k.
— That’s nearly where we want to be at the end of the year (but we will have negative cash flow months in the winter) and we’ll have project costs.
Contact me if you have questions, Todd Currie, 206-696-1216
