CARIBOU, Maine — Finance Director Mary Dahlgren briefly spoke about the revenue and expenditure statement for the period ending March 31, 2016 during the April 14, 2016 Northern Maine Development Commission board meeting.
The benchmark for the aforementioned period is at 75 percent.
Total revenues are at $2,675,114, which is 13.8 percent below their benchmark. Expenses for the period were $2,743,783, or 9.52 percent below target.
NMDC’s agency balance is currently negative $68,669.
Accounts Receivable is at $515,189 and Cash on Hand is at $26,095.
Total Available Resources is $541,284, Operating Line of Credit is $750,000, and the Equipment Line of Credit is zero.
