4. Overall, our headcount YTD is down ~3
Overall, our headcount YTD is down ~3.46%, therefore tuition revenue is lower than expected.
But, we have been holding the line on expenses so that we remain balanced. So even though revenue is down slightly, thru monthly re-forecasting, we have been able to manage our expenses to ensure we stay within budget.
We’re creating savings from additional efficiencies and diligence in purchasing to offset the decline in tuition revenue.
Projection-wise for the rest of the FY, since we expect expenditures to match revenue for the rest of FY, we will be on budget for FY 2019.