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<br />and recommended its acceptance and approval which was given by <br />the full Administration during the December 11, 1990 meeting. Much <br />of the data contained in this annual report is derived from that report. <br /> <br />5. FISCAL <br /> <br />The Administration's Fiscal Year (FYI runs from July 1 to June 30, The <br />fiscal affairs of the Administration for Compact Year 1990 involve <br />portions of the Administration's FY 1989-90 (1111 /89 to 6/30/90) and <br />FY 1990-91 (711/90 to 10/31/90), The Treasurer reported on the <br />financial status of the Administration for the relevant periods of those <br />fiscal years at the Annual Meetings held on December 12, 1989 and <br />December 11, 1990, <br /> <br />At the December 12, 1989 Annual Meeting the following budget <br />actions were taken: <br />FY 1989-90 budget previously adopted was reviewed and left <br />unchanged with anticipated expenses of $38,525; <br />. FY 1990-91 budget previously adopted was revised to reflect <br />anticipated expenses of $40,780; <br />FY 1991-92 was adopted with anticipated expenses of $38,550. <br />Copies of these budgets are included in this report as Appendix A-1 , <br /> <br />At the close of the fiscal year on June 30, 1990 the Administration had <br />a cash balance of $34,890 as shown in the FY 1989-90 Auditor's <br />Report accepted at the December 11, 1990 Annual Meeting, The <br />Auditor's Report is included herein as Appendix A-2. On December 10, <br />1990 the Administration had a cash balance of $41,462 as reported by <br />the Treasurer and shown on Appendix A-3. <br /> <br />7 <br /> <br />~~c. 'no <br /> <br />1- <br />