October 2024 Financials Available
The October 2024 financial report is available on the Treasure Lake website. The Board of Directors, General Manager Steven Mills, and the Finance Committee are pleased to report the following key highlights for October:
- October Net Income: $134,339 compared to a $123,099 in October 2023.
- A $11,240 improvement year over year (yoy)
- Cost of Sales YTD: $233,411 compared to $283,810 in 2023.
- A savings of $50,399 yoy
- Operating Expenses YTD: $2,982,437. A $383,010 improvement yoy
- YTD Bottom Line: A profit of $474,195 a significant improvement from the $152,641 loss in 2023, maarking a $626,836 year-over-year improvement.
The Management and Board continues to work towards our conversion to an in-house accounting system. Again this month we are reviewing a negative ATM balance that is not accurate. We continue to have unacceptable delays and errors from Abacus, our current accounting firm. We review the financials in depth and when we discover errors or have questions, we diligently work to resolve those.