I have received and reviewed the FY25 update for the IFRT through April 2025. That is the first nine months of the fiscal year,
Revenue is running slightly ahead of budget with $13,116 against a prorated 9-month budget of $12,250 and a total year budget of $21,000..
Expenses are running favorable to budget but the IFRT incurs most of its expenses during the last three months of the fiscal year. Expenses stand at $3,989 against a prorated 9-month budget of $10,442 and a total year budget of $17,900.
A reminder that IFRT began FY25 with an accumulated net asset balance (call it our savings account) of $140,458.
Please let me know if you have any questions,
------------------------------
James Neal
Univ Librarian Emeritus
Columbia University
------------------------------