ALCTS Financial Report: Fiscal Year 2017 & Future Trends

ALCTS ended its 2016–2017 fiscal year (FY17) far ahead of budget projections with a net revenue of $82,935. Overall revenue was $614,613, ahead of budget by $80,888 (15%) and above FY16 (2015–2016) by $111,820. Direct expenses of $447,927 were below budget by $37,368 (8%). In this article, we discuss the reasons for the surplus in FY17, as well as the current state of the budget and projections for future fiscal years.

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