Financial Statement Review

Manuscripts – Eric, Brian, Elton, Roni, Beth and Shane

July 27, 2021

Agenda

1) Review June Financials

a. Cohort info

· CI – Spring 2021 Editor Dues YTD $171K

· CI – Editor costs YTD $259K

· NDP April 2021 Cohort $1.193M (includes $14k project fee)

· NDP April 2021 Publishing costs $817K

· NDP April 2021 Net Income $375K (expenses still trickling in)

· NDP Deferred Publishing fees $1,007M (August 2021)

· NDP Deferred Bookstarter Deposits $81K (December 2021)

· NDP Deferred Expenses $329K

b. Operating Expenses YTD $202K

· Notable Changes:

· Advertising spend down $3,807

· Office software expense down $3,859

· Dues & Subscriptions up $2,066

· June operating expenses flat from May

c. Year to Date Net Income $135K

d. Net cash for June is up $29K, YTD is a decrease in cash of $24K

Other:

· Review June 2021

· Cohort guide

· Budget / Accrued Expense questions

Notes:

Action Items:

1)

2)