A. CFO Report
1. Summarization of key points that could affect bank officer’s decision
The first thing you notice in the HA is the relationship between revenue and the selling expenses. The selling expenses are variable and rise and fall with revenue. In both years they are in lockstep, 3.21% in between Years 12 and 13 and 1.91% in Years 13 and 14. The general and admin expenses show some areas of concern, being generally fixed expenses, they should be consistent from year to year. There are four expense categories that need further research: Admin Salaries, Executive Compensation, Utilities, and Other GA Expenses.