The following table and charts show the budgeted and actual unaudited OGHC income, expenses, and transfers and surplus from January 1, 2023, to September 30, 2023. OGHC’s net unaudited retained earnings for the period was $23,553.
Actual to September 30, 2023 | Budgeted to September 30, 2023 | Variance | % of Budget | |
Total income | $757,230 | $728,187 | $29,043 | 104 |
Total expenses | $693,547 | $683,457 | $10,090 | 101 |
Total transfers | $40,130 | $43,318 | 11,893 | 127 |
Net income | $23,553 | 1,411 | $22,142 | 1668 |
Income: budgeted and actuals
OGHC’s operating income from January 1, 2023, to September 30, 2023, was $757,230. The chart below reports income by the major income categories.
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Expenses: budgeted and actuals
OGHC’s expenses from January 1, 2023, to September 30, 2023, was $692,547. The chart below reports expenses by major categories.
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Transfers and net income: budgeted and actuals
The total contribution to the capital replacement reserve was $44,130. The unaudited retained earnings was $23,553.
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