Magic Numbers #2

THE MAGIC OF NUMBERS - PART 2

Mr. O’Brien has responded to my earlier posting.  He has referred me to the “UCO BUDGET 4/1/15-3/31/16 AS REVISED” prepared on January 16 of this year.

The magic continues or should I say the sleight of hand.  From the itemized list of General Administration Expenses major changes are as follows:

Utilities – here we can see the “sleight of hand” in that the original $190,000 is now magically reduced to $15,000.  HOWEVER, the reduction has merely been transferred to Security and Irrigation expenses; $124,000 and $44,000 respectively.  Of the remaining $7,000 I will “assume” that $1,400 has been transferred to Laundry expenses thereby eliminating $5,600.  Unless you take the time to look into the detail with a fine tooth comb you might actually think that $175,000 has been cut from the budget entirely; an impossible task.

 

Some expenses have been eliminated and while the total is relatively small, for some reason, it would appear as though UCO will no longer be assessed state or federal corporate income tax; at least as far as the budget is concerned.

Then there is the Road & Walkway Repair Expense - $10,000 - which is now planned to be paid for from the reserve fund.  Bear in mind, before money is expended from Reserve funds, the Delegates should, if only as a courtesy, be asked to approve the expense.

And then there is the belt-tightening aspect.  Reductions - $51,000 in Beautification; $8,000 in Insurance; $8,000 in Accounting Fees and other smaller sums.  Offset somewhat by small increases in Office Supplies, Centenarian Luncheon, and Computer Equipment etc.

Dorothy Tetro