The financial report is attached. Revenues are $99,242 below budget. Extrapolating out to the end of the year, revenues are on track to be $214,148 below what the budget expects. Total Expenses are also below budget, by $99,299. If the LNC continues spending at the same rate, I project that expenses will be $254,427 below budget. The unrestricted checking account is above the reserve requirement. I attest this to expenses being kept down to match the lower than expected revenues. Tim Hagan