May 2024 – Financial Overview
May 2024 Financial Update
The May 2024 financials are now available for your review on the Treasure Lake website.
Key Points:
- Year to Date (YTD) Total Revenue: Down by $22,123; monthly decline of $16,745.
- YTD Cost of Sales: Increased by $18,616.
- YTD Operating Expenses: Decreased from $1,521,538 in 2023 to $1,337,146 in 2024, an improvement of $184,392.
- YTD Total Comprehensive Activity: Improved from -$240,884 in 2023 to -$66,627 in 2024, a $174,257 year-over-year improvement.
We are continuing to make progress each month, and with the camping season just beginning, we’re optimistic about further improvements.
Exciting News: The preliminary June 2024 financial report shows very promising results. Although the Finance Committee has not yet reviewed these numbers, we wanted to share some good news with you.
- Total Comprehensive Activity for June 2024: A profit of $160,160, compared to $31,719 in June 2023, an increase of $128,441.
- YTD Bottom Line for the First Six Months of 2024: A profit of $93,707, compared to a loss of $207,824 in 2023, a $301,531 year-over-year improvement.
Please note that these are preliminary figures and may change after the review process. Once available, the finalized June financials will be posted on the website.
Your current Board has worked diligently to achieve these significant improvements, overcoming the challenging financial situation we inherited. We look forward to seeing continued progress in July.