Our revenue was off by about $5k. This was due to two factors, renewal revenue and deferred contributions. We expected our renewal revenue to be feeling the effects of the renewal letters not being sent out. It was only 12% off budget. This leads me to believe that people aren't very prompt about renewing, and that we're going to continue to be hit by this for the next couple of months.
the Amortization of Deferred Contributions is $4.7K lower than budget. It is not known why such a high figure was budgeted. The actual amortization of approx $9.7K is in line with last year end Dec 31, 2000. Expenses were in line with the budget.