The actual NIAD was slightly below the projection due to the high COS percentage of 100.6% and low sales compared to the budget estimate. Sales were less than budgeted due to the delayed opening of the Bruddhas Brew House. Activity revenue was right on target with the budget estimate.
Operating expenses were lower than the budget estimate due to decreased in personnel expenses, while material expenses increased due to costs associated with the Bruddha’s Brewhouse opening.
Operating expenses were lower than the budget estimate due to decreased in personnel expenses, while material expenses increased due to costs associated with the Bruddha’s Brewhouse opening.