2016 H1 Budget Report

Budget Review June 11, 2016

The Budget Review is focused on Big Ticket Items. We will review spending to date and schedule the expenditures for Big Ticket Items in the July-Dec period. Those zones which have unpurchased Big Ticket items are:

Other zones are not anticipated to be affected.

As of the period ending 5/31/16 (41.66% of the year) we have

Our Big Ticket Items for the same period

Our Income is running ahead of budget and our Consumables/overhead (i.e. non-Big Ticket Items) are lagging behind, as is traditional. We would be at break even pace if we hadn't accelerated Big Ticket Items.

My recommendations

• Keep Big Ticket Purchase Freeze on thru 7/1.
• Schedule remaining Big Ticket Purchase items at a pace of no more than $2,000 per month.
• Each additional Big Ticket item added to 2016 budget is done with the removal of an item of approx equal cost.

We can schedule the Big Ticket items for 2016 by Treasurer Decision, Board meeting(s) or try to do it real time right now.

The issue of the UpFront expenditures for the MF soldering booth are not budgeted and would require displacement of Big Ticket Items into 2017.