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February 28, 2013

Low interest rates mean big savings

(Continued)

NORMAN —

Hopkins reported that overall net income of $3.2 million for January was $2.3 million favorable to the budget.

Year-to-date: Year-to-date revenue and income were down, but so were expenses.

YTD net revenue of $193.1 million was $10.8 million, or 5.3 percent, below budget, and YTD expenses of $191.8 million were $4.9 million, or 2.5 percent, below budget. Other year-to-date numbers include:

· Net income from operations of $1.3 million was $5.9 million below budget.

· Non-operating income of $6.2 million was $3.7 million favorable to the budget, due to overall stronger market values of investments.

· Overall net income of $7.5 million was $2.3 million unfavorable to the budget.

Joy Hampton

366-3539

jhampton@

normantranscript.com

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