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[[underlined]] APPENDIX A [[/underlined]] THE AMERICAN FEDERATION OF ARTS COMPARATIVE OPERATING STATEMENT 1957 - 1958 [[4 column table]] [[headings are underlined]] [[income and expense]] | BUDGETED 1957 | ACTUAL 1957 | BUDGETED 1958 [[underlined]] INCOME [[/underlined]] Membership | 31,000 | 39,789 | 38,000 Exhibition Fees | 33,000 | 37,775 | 45,000 Special Fees | [[underlined]]15,000 | 15,015 | 13,000[[/underlined]] Total Income | [[underlined]]79,000 | 92,579 | 96,000[[/underlined]] [[underlined]] EXPENSE [[/underlined]] Salaries | 55,400 | 54,966 | 59,000 Handling | 20,000 | 19,966 | 20,000 Insurance | 6,000 | 5,464 | 7,000 Promotion | 5,000 | 6,390 | 7,000 Office | 18,000 | 19,169 | 18,000 Art News | 7,500 | 8,517 | 9,000 Travel | [[underlined]]1,000 | 823 | 1,000[[/underlined]] Total Expense | [[underlined]]112,900 | 115,183 | 121,000[[underlined]] Operating Deficit | [[double underlined]]33,900 | 22,604 | 25,000[[/double underlined]] [[/table]] Note: Operations for the First 4 months of1958 show a strong increase in income from exhibition fees, and a leveling off of income from membership. Expenses for the same period are somewhat higher than for the corresponding period of 1957. The operating deficit on May 1st was $1,642. This deficit will climb rapidly during the summer months when exhibition bookings drop off severely. From current rends, it appears that the actual deficit will not exceed the budgeted amount of $25,000, and will probably be somewhat less.
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