MAY 2023 Financials

The income statement has been modified to separate the Loan Projects expense while still staying in compliance with what needs to be on the income statement. There is a section in bold letters that says “Total Operating Expenses” and “Excess Operating Revenues (Expenses)”, this only calculates the operating expenses so you can see the income/expenses that were budgeted. The section below that includes the other items and the net income/expenses with the Loan Projects.