August 2024 Financials Now Available
The August 2024 financial report is now available for review on the Treasure Lake website. Here are the key highlights:
- August Net Income: $76,511 compared to a $36,891 in August 2023. A $39,620 improvement year over year (yoy)
- Year-to-Date (YTD) Revenue: Showing an increase yoy of $4,882
- Cost of Sales: Decreased by $38,103 yoy
- Operating Expenses: Reduced by $361,716 yoy
YTD Bottom Line: A profit of $211,361 a significant improvement from the $240,087 loss in 2023, marking a $451,448 year-over-year improvement.
The Board of Directors, General Manager Steven Mills, and the Finance Committee are committed to improving our financial results every month. I believe you’ll agree that we are continuing to see significant improvement compared to the 2023 results. We appreciate your patience as we continue working to ensure our reporting is accurate before it is released. However for August, we still have some unanswered questions pending with Abacus that they are still researching. Even though these questions will not make any significant change in the overall monthly results, we will update you once we get the answers.
Gary Myles
BOD Treasurer