The TTCA Board doesn’t use a consistent method of presenting the financials, and does not compare prior years, but the accountant's report released in April 2016 does confirm one important fact, that the actual expenses for 2015, excluding loan principal and reserves, of about $539,873, were 34% greater than the budgeted expenses for 2015 (same exclusions), of $401,748. But even more horrifying is the fact that the actual expenses in the first quarter of 2016 (same exclusions) of $171,724 are 72% greater than the budgeted expenses for one quarter of 2016 (same exclusions), of about $100,000. The board's budgeting of expenses thus appears to be a failure of epic proportions.
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