Income Statement 12/31/2018
| Pro-Forma Summary Income Statement | |||
| For the Period Ended: | December 31, 2018 | ||
| Whole $'s | |||
| Year to Date Actual | Year to Date Budget | Year to Date Variance | |
| Revenues | |||
| Donations | 144,804 | 162,500 | (17,696) |
| Fundraising Events | 14,288 | 12,500 | 1,788 |
| Program Distribution (Royalties) | 199 | - | 199 |
| Underwriting | 18,663 | 36,000 | (17,338) |
| Underwriting Trades | 3,939 | 8,000 | (4,061) |
| CPB Unrestricted Grants | 48,299 | 48,000 | 299 |
| CPB Restricted Grants | 12,983 | 13,000 | (17) |
| Other Grants | 9,788 | 10,000 | (212) |
| Total Revenues | 252,961 | 290,000 | (37,039) |
| Expenses | |||
| Advertising | 1,390 | 1,375 | (15) |
| Bank & Finance Charges | 3,331 | 4,260 | 929 |
| Board of Directors | 1,996 | 1,875 | (121) |
| Equipment & Supplies | 4,908 | 6,750 | 1,842 |
| Dues & Subscriptions | 18,085 | 17,358 | (727) |
| Equipment Rental | 1,821 | 2,750 | 929 |
| Fundraising | 8,857 | 11,240 | 2,383 |
| Insurance | 6,257 | 6,014 | (243) |
| Interest Expense | 1,380 | 1,250 | (130) |
| Legal & Professional Fees | 20,052 | 6,402 | (13,651) |
| Miscellaneous | 26 | 68 | 42 |
| Employee Wages | 136,445 | 154,499 | 18,054 |
| Employee Benefits | 9,194 | 13,989 | 4,794 |
| Postage & Delivery | 1,000 | 3,473 | 2,473 |
| Premiums & Incentives | 2,229 | 2,000 | (229) |
| Programming | 20,047 | 19,836 | (211) |
| Rent | 15,482 | 14,464 | (1,018) |
| Repairs & Maintenance | 272 | 150 | (122) |
| Telephone, Internet & ISDN | 16,549 | 15,250 | (1,299) |
| Travel & Enterrtainment | 957 | 2,250 | 1,293 |
| Utilities | 3,891 | 4,250 | 359 |
| Total Expenses | 274,170 | 289,500 | 15,331 |
| Net Surplus / Deficit | (21,208) | 500 | (21,708) |