UA-R-GC-1914-01-01-1967-01-05_Page-021

, I B. U.S.A. STATEMENTS - Continued Details and Explanations - Continued Operating Income - Continued Higher income from Grant NESA/114 was realized due to amendment, when $100,000 was made available for operational support from restricted funds for English Language Program. Further, instead of using only the half of $200,000 of the new Grant CSD 1068, we have claimed a total of $181,000, leaving a balance for 1966-67 of only $11,000. Operatin& E!Eenses New York Office Actual Variance y.e. y.e. Budget Favorable 8/31/65 8/31/66 1965/66 (UnfavorA.b Ie) Salaries and Special Services 42,205 42,067 (138) Retirement No 5,129 5,000 (129) Travel and Hospitality 9,166 10,000 834 Audit, Legal and Commissions details 10,132 8,000 (2,132) Office Expenses 28,567 17,000 (11 ,567) Office Furniture & Equipment avail- 1,404 3,000 1,596 Interest Obligations 33,632 25,000 (8,632) NECA Charges able 31,106 (31,106) Special Printing 10,216 5,000· (5,216) 171,557 115,067 (56,490) * Originally budgeted for Washington office. The only higher expenses in comparison with the budget are special printing expenses paid to Donnelley & Sons and the Three Arts Press. There are no details available for New York and Washington, D.C. office expenses for fiscal year 1964-65. New York office expenses in 1965-66 compared with the budget for the same year are higher basically due to the increased cost of the loan ($8,632), nort­budgeted NECA services in the amount of $31,106 and increased office expenses which include non-budgeted Trustees' expenses for Cairo meeting. - 7