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12 <br /> Revenues and Expenditures <br /> 2019-20 2020-21 2021-22 2022-23 2023-24 <br /> Revenue $ 82,940 $ 35,000 $ 87,917 $ 146,982 $ 205,362 <br /> Expenditures $ 265,461 $ 183,113 $ 225,551 $ 314,415 $ 408,406 <br /> Expenditures* $ 205,335 $ 121,397 $ 164,371 $ 213,482 $ 255,603 <br /> *Minus FTE Personnel <br /> Soccencom Revenues/Expenditures <br /> $450,000 <br /> $400,000 <br /> $350,000 <br /> $300,000 <br /> $250,000 <br /> $200,000 <br /> $150,000 <br /> $100,000 <br /> $50,000 <br /> 2019-20 2020-21 2021-22 2022-23 2023-24 <br /> ■Revenue ■Expenditures ■Expenditures* <br /> Two items of note related to this graph. First, to reiterate, it is important to acknowledge <br /> that most jurisdictions do not include indirect costs as part of a calculation of revenues <br /> to expenditures. This exacerbates the difference between total revenues and total <br /> expenditures. A revenue to expenditure comparison that matches industry standard <br /> would be revenues to expenditures* as shown in this table. <br /> Secondly, the 2019-20 and 2020-21 fiscal years were dramatically affected by the <br /> COVID pandemic. The spring 2020 season and the fall 2020 seasons were cancelled, <br /> and the spring 2021 season was conducted at greatly reduced level. As the table shows <br /> however, even with the lack of play, soccer fields of this caliber must be maintained at a <br /> basic level, so while revenues were reduced significantly in FY 19-20 and FY 20-21, <br /> expenditures saw only a 10-20% reduction. Additionally, realignment of staff within the <br /> 9 <br />