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<br />5. FISCAL <br /> <br />The Administration's Fiscal Year (FY) runs from July 1 to June 30. The <br />fiscal affairs of the Administration for Compact Year 1991 involve <br />portions of the Administration's FY 1990-91 (11/1/90 to 6/30/91) and <br />FY 1991-92 (7/1/91 to 10/31/91), 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 11, 1990 and <br />December 10, 1 991 . <br /> <br />.-- <br /> <br />At the December 11, 1990 Annual Meeting the following budget <br />actions were taken: <br />FY 1990-91 budget previously adopted was revised to reflect <br />anticipated expenses of $41,280; <br />. FY 1991-92 budget previously adopted was revised to reflect <br />anticipated expenses of $40,550; <br />. FY 1992-93 budget was adopted with anticipaled expenses of <br />$41,045. <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, 1991 the Administration had <br />a cash balance of $29,949 as shown in the FY 1990-91 Auditor's <br />Report accepted at the December 10, 1991 Annual Meeting. The <br />Auditor's Report is included herein as Appendix A-2. On December 9, <br />1991 the Administration had a cash balance of $42,320 as reported by <br />the Treasurer and shown on Appendix A-3. <br /> <br />, <br /> <br />\ <br />/ / <br /> <br />7 <br /> <br />"RC..1U' <br />