TIPTOE Flight School WELLENCE RCDOLE For the Month Ended July 31 ACTUAL Planning RESULTS Budget VarLANCES LEEGONE 175 170 $ 36, 640 $ 35 , 700 5 240 F Instructor WAGES $, $40 $, 50 0 140 21 Aircraft depreciation 5 , 30 0 5, 120 18D UI FUEL 2 , 410 1 , BID 5 40 1] Halltenance 2. 030 1 , 890 140 0 Ground FACILIty BELONGED 1 , 650 1 , 690 30 P Administration 3, 340 3 , 430 Total EXPENSE 24 , 380 23, 500 Net operating Income 12 , 260 5 12 , 200 5LOSE FORMULES REVENUE 52109 Instructor WAGES $509 Aircraft depreciation $369 FUEL 5110 HaIntenENCE $530 + 56` Ground CECILILY DECREASED $ 1 , 350 Administration! 5 3, 260 $ 510Tip Top Flight School Flexible Budget Performance Report For the Month Ended July 31 Actual Flexible Planning* Results Budget Budget LESSONS 175 170 REVENUE $ 36, 640 35, 700 EXPENSES` Instructor wages 8. 500 Aircraft depreciation 6, 200 6, 120 FUEL 2, 410 1, 870 Maintenance 2,030 Ground facility Expenses 1, 650 1, 690 Administration 3. 340 3. 430 Total EXPENSE* 24, 380 23, 500 Net operating income 12, 260 12, 200