Print  |  Close Window   AMO Currents  -  Posted: November 12, 2021

AMO sustains its surplus streak

AMO ended October 2021 with an operating budget surplus of $179,926, bringing the year-to-date surplus at that point to $699,833, or 7.5 percent of 10 months' total revenue of $9.4 million.

Operating budget surpluses have occurred in AMO in all but a few months since mid-2015.

Direct operating revenue in October totaled $1,115,330, which was $164,000 higher than had been projected. Combined membership dues and initiation fee receipts in October totaled $423,353.

Expenses in October totaled $935,404 - $65,000 higher than projected. Legal fees and the final phase of data management transfer from one vendor to another were factors behind the higher-than-anticipated costs.

Cash reserve and investment account balances totaled $15,897,768 in October.


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