Finances 1226

Covenant Financials

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All figures in Mythic Pounds.

Calculated for 1226, end of year.

After a sudden inflationary period in 1225, the English economy suffered a significant dip, with purchasing power losing about 10% year-over-year. This was minimally offset by an increase in loan activity. Per a 1225 Council decision, Reserves are being used to fund additional magi salary of £2/yr for the next three years.

Bottom Line

Income	470.95	£470-19s
Expenditures	494.65	£494-13s
Surplus (Deficit)	-23.8	-£23-16s
Covenant Reserves	175.0	£175-0s
Restricted Reserves	50	£50