Questions Submitted to NLYH Board

Question: The legal expenses for FY 2023, 2024 and 2025 exceeded the budgeted amounts. Realizing that the bottom line of the budget is what is approved, the question is how much OVER BUDGET did the Board spend?

• 2023 – Budget: $15,000 | Actual Expenses: $20,298.11 | Over Budget: $5,298.11
• 2024 – Budget: $20,000 | Actual Expenses: $70,007.08 | Over Budget: $50,007.08
• 2025 – Budget: $40,000 | Actual Expenses: $152,615.48| Over Budget $112,615.48

Question: Did the Board vote to appropriate monies to cover the additional costs associated with the legal expenses.

Under Florida Statutes Chapter 617, the Board of Directors is responsible for managing the corporation’s affairs and has the authority to manage operational funds. Adjustments between operating budget line items may be made by the Board as part of its fiduciary responsibility as the expenditure remains within the approved overall budget.

Question : How much was spent on legal expenses in FY 2025?

Actual Expenses: $152,615.48