Financial records · July 19, 2017

Second-quarter Treasurer highlights and relocation risks

Reports lower income and spending than plan and anticipated relocation impacts; investment reallocation remains pending.

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Transcribed from the scans and checked against them by Claude. Typed text comes first; handwritten notes follow it. [illegible] marks words that cannot be read and [?] an uncertain reading.

Treasurer's Report - Jul 19, 2017 Business Meeting (Ceman) 2017 2nd Qtr Financial highlights (see spreadsheet for details) • 6 months of Revenue and Expense data • Revenues are currently ~10% lower than Plan • Expenses are very much below Plan (< 20% of Plan to date) Internet Sales • 2016 Internet Sales within ~15% of Plan at yearend; 1st QTR 2017 Internet Sales are currently above the plan for 1st and 2nd Quarters Miscellaneous Items • 2017 Financial Plan/Budget - future revisions will most likely be necessary due to pending Bard Street closure and relocation of FOL Bookstore; significant Operations impacts and Revenue impacts are expected Continuing Business HB FOL Investment Portfolio • Long term Investment Account Asset re-investment is still pending due to ongoing Market volatility/ uncertainty. A reallocation of assets into a combination of long-term growth and mid term growth funds is planned

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Treasurer's Report - Jul 19, 2017 Business Meeting (Ceman)
2017 2°d Qtr Financial highlights (see spreadsheet for details)
? 6 months of Revenue and Expense data
? Revenues are currently ~10% lower than Plan
? Expenses are very much below Plan (< 20% of Plan to date)
Internet Sales
? 2016 Internet Sales within ~15% of Plan at yearend; 1 QTR 2017 Internet
Sales are currently above the plan for 1st and 2nd Quarters
Miscellaneous Items
? 2017 Financial Plan/Budget - future revisions will most likely be necessary
due to pending Bard Street closure and relocation of FOL Bookstore;
significant Operations impacts and Revenue impacts are expected
Continuing Business
HB FOL Investment Portfolio
? Long term Investment Account Asset re-investment is still pending due to
ongoing Market volatility/ uncertainty. A reallocation of assets into a
combination of long-term growth and mid term growth funds is planned