Financial Controller (FC)OK, the results for February. For the first time in 14 months we did not make budget. That said, total revenue is very good at $876,000, 11% more than last year. A very nice increase, even if under budget. So, I see it as an indication our budget is just ambitious, and perhaps we can't expect to make it each and every month. Year-to-Date (YTD) we are still over budget, so January included we are 1% over.

A quick look down the P&L, at GOP; because what we have been very successful at this month is to keep expenses under control. A few expenses were lower than expected. Of course, it's always a special month, February, what with all the conferences in town and the International Athletic Event (IAE). The associated one-off expenses have of course been budgeted, so the moment they turn out to be less than expected, we keep GOP under control. And we did, the bottom line is that while being $22,000 under our revenue budget, we are just $3,000 under in terms of GOP. So, in January we were nicely over budget, GOP-wise, and unfortunately February erased a bit from that. So that's a quick impression of the final result of February.

What does it indicate that the hotel was $22,000 under revenue budget but only $3,000 under GOP budget???