Please note that the 2013 revenue and expense figures are based on estimates and we'll provide the final numbers in early 2014Note: Cornell operates based on a Fiscal Year budget (July-June) therefore the final 2013 figures for expense, revenue, and surplus may need to be slightly adjusted in mid-2014 based on the closing of the FY 13/14 accounts.

2013 Revenue (Estimate)

• Income from 173 organizations representing 22 countries = $340,000
• Total 2013 revenue (including CUL and Simons) = $765,000

2013 Expenses (Estimate)

• Projected (December 2012) = $575,000
• Mid-year adjustment = $544,000
• December 2013 projection = $500,000 (requires CY/FY alignment in early 2014)

2014 Expense Projection

• $647,000

2014 Revenue Projection

• $755,000

...

Reserve Projection

• 2010-2012 = $109,000
• 2013 projection = $265,000
• Total estimate for 2010-2013 = $374,000
• Reserve Policy

Note: Cornell's operation is based on a Fiscal Year (FY) budget (July 1-June 30). Therefore, the final Calendar Year 2013 figures for arXiv expenses, revenue, and surplus may need to be slightly adjusted in mid-2014 based on the reconciliation of the FY and CY accounts.