Jim Tinkey gave the Kosciusko Development Inc.executive board members continued bad news Wednesday as he presented the 2002 year- end financial statement.He presented a budget worksheet showing the organization's financial situation in the red, with a $14,710 loss. The downward trend began two years ago with a deficit of $2,147.31. Projected expenses in the $85,910 budget this year include two big-ticket items: $28,560 for administration fees and/or overhead and $41,000 in salaries and benefits.Other items, including training and development, legal expenses, advertising and other miscellaneous entries, show a total cost of $16,300. The group's support and revenue includes up to $35,000 as a match to donations from the county.Donations from companies and municipalities may exceed $35,000 and are given as $42,000 for last year.
TERESA SMITH, Times-Union Staff Writer- | July 28, 2016