Approved Budget $ % Actual

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1 Income Statement Comparison of Actual to Budgeted Results for the Five Months Ended May 31, 2016 Comparison of Reforecasted Budget ( ) to Prior Approved Budget ( ) Year to Date Results Favorable (Unfavorable) Budget Amounts Actual Approved Budget $ % Reforecast Approved Revenues Camper Revenue (a) $ 10,700 $ 11,750 ($ 1,050) -8.9% $ 4,330,986 $ 4,346,749 Camper Discounts & Financial Aid (b) (210) 0 (210) 0.0% (585,314) (509,385) Retreat Revenue (c) 662, ,597 12, % 1,680,000 1,700,000 Unrestricted Fundraising (d) 47,100 25,000 22, % 315, ,000 Federation Allocation 48,556 48,718 (162) -0.3% 116, ,923 Restricted Fundraising (e,f) 46,000 25,000 21, % 93,550 93,550 Other Income (e) 40,777 29,716 11, % 46,167 41,667 Total Revenues 855, ,781 65, % 5,997,312 6,104,504 Expenses Personnel - Year Round (e,h1) 815, ,027 36, % 2,061,667 2,062,418 Personnel - Seasonal (e,h2) 27,156 30,724 3, % 589, ,364 Food (g,h3) 354, ,965 (66,423) -23.1% 1,511,974 1,521,974 Interest Exp - Operating (e) % 5,844 5,844 Program (e,f,4) 22,900 47,259 24, % 640, ,251 Utilities (e) 137, ,568 25, % 340, ,000 Insurance Expense (e) 62,357 63, % 152, ,052 Rent (e) 42,664 42,505 (159) -0.4% 111, ,180 Facilities (e,h5) 58,402 54,932 (3,470) -6.3% 128, ,900 Marketing (e) 3,749 15,290 11, % 34,200 34,200 Taxes - Property (e) 39,718 39,585 (133) -0.3% 95,004 95,004 Other (e) 64,230 65, % 190, ,683 Total Expenses 1,628,489 1,661,257 32, % 5,860,812 5,896,870 - Net Operating Income ("NOI") $ (773,032) $ (871,476) $ 98,444 $ 136,500 $ 207,634 Reconciliation from NOI to Balance Sheet Net Income ($ 773,032) Plus: Contributions-Capital Campaign 307,700 Contributions - Restricted Capital Other (3 new cabins) 252,505 Minus: Deprec/Amort Exp (666,665) Interest Exp - Mortgage (49,002) Balance Sheet Net Income $ (928,494) Reconciliation from NOI to Budgeted Operations: Net Operating Income ("NOI") $ (773,032) $ (871,476) $ 98,444 $ 136,500 $ 207,634 Minus: Capitalized In-Yr Expenditures (excluding 3 new cabins) (58,514) (33,500) 25,014 (136,500) (136,500) Reserve for Capex (h6) 0 (31,250) (31,250) - (75,000) Improve Cash Position (h6) 0 (11,176) (11,176) - (26,823) Adjusted Operating Income with Reserves $ (831,546) $ (947,402) $ 81,032 $ (0) $ (30,689) 1

2 Income Statement Comparison of Actual to Budgeted Results for the Five Months Ended May 31, 2016 Comparison of Reforecasted Budget ( ) to Prior Approved Budget ( ) Notes (a) YTD Camp revenue includes Family Camp program (b) June 30 Reforecast includes Israeli/FIDF fee discounts (c) June 30 Reforecast reduced based upon bookings to date (d) YTD Annual Campaign includes contributions pledged in 2015 (e) YTD variance considered timing. (f) YTD amount and June 30 Reforecast include additional $4,500 for story shuk grant and additional costs added to program expense (g) Preliminary analysis of Food Costs variance relates combination of (1) number of meals included in invoice in excess of number per retreats and (2) average cost per meal in excess of budgeted amounts Excess average cost partially due to inclusion of re camp food stock purchases and therefore timing Meeting to reconcile differences is being set with Kandle (h) June 30 Reforecast estimated reductions in Camp Revenue are offset by the following cost reductions: (1) Voluntary reduction by J. Geller from contracted salary increase, offset by year-round staff camp discounts (2) Reduction to Camp seasonal salaries ($36,000) and reduction due to lower Retreat revenue ($2,000) (3) Reduction to Food Expenses for estimate savings from switch to OU ($5,000) and reduction due to lower Retreat revenue ($5,000) (4) Elimination of reduction of Disney trip by one day and miscellaneous program adjustments. (5) Additional cost for generator ($1,800) (6) 2016 elimination of reserves for future capital expenditure requirements and for improvement to cash position. 2

3 Balance Sheet May 31, 2016 Current Current Month Prior Month Month Last Year December 31, 2015 ASSETS Current Assets Operating Cash $ 1,452,933 $ 1,217,926 $ 1,009,826 $ 738,073 Restricted Cash (a) 624, ,316 80, ,828 Camp, Retreat & Devel AR (b) 83, ,199 62, ,934 Inventory 31,092 31,092 33,527 31,092 Other Current Assets ( c) 250, , ,688 28,848 Total Current Assets 2,442,495 2,200,207 1,445,887 1,420,775 Property and Equipment Gross Fixed Assets 27,345,361 27,311,365 27,018,268 27,045,145 Less Accumulated Depreciation (14,870,723) (14,737,390) (13,269,292) (14,204,058) Total Property and Equipment 12,474,638 12,573,975 13,748,976 12,841,087 Other Assets Unrestricted Investments 92,520 92, ,299 92,520 Restricted Investments 106, , , ,340 Pledges Receivable Captl Cmpg 1,059, ,401 1,866, ,367 Donated Use of Land 43,000 43,000 43,000 43,000 Other Assets 6,491 6,491 6,491 6,491 Total Other Assets 1,307,660 1,063,752 2,125,069 1,206,718 Total Assets $ 16,224,793 $ 15,837,934 17,319,932 $ 15,468,580 LIABILITIES AND CAPITAL Current Liabilities Accounts payable & accrued exp (d) $ 437,144 $ 403,751 $ 509,368 $ 732,685 Deferred Income 3,788,316 3,598,285 3,477,671 1,804,818 Security Deposits - Retreat 48,119 49,119 96,775 50,575 Line of Credit - United Bank Current Portion of LTD 3,649,577 3,649, ,959 3,649,577 Total Current Liabilities 7,923,156 7,700,732 4,737,773 6,237,655 Long-Term Liabilities Notes Payable - Friends of CC 11,000 11,000 11,000 11,000 Notes Payable - Vehicles 7,544 7,544 9,729 8,340 Mortgage-UnitedBnk-LongTermPor 0 0 3,647,618 0 Deferred Rent 45,320 45,320 48,566 45,320 Total Long-Term Liabilities 63,864 63,864 3,716,913 64,660 Total Liabilities 7,987,020 7,764,596 8,454,686 6,302,315 Fund Balances Fund Balance 6,038,465 6,038,465 6,175,108 6,710,867 Temp Restricted Net Assets 2,413,929 2,413,929 2,955,995 2,413,929 Endowment/Other Funds 713, , , ,873 Net Income (928,494) (1,092,929) (973,423) (672,404) Total Capital 8,237,773 8,073,338 8,865,246 9,166,265 Total Liabilities & Capital $ 16,224,793 $ 15,837,934 $ 17,319,932 $ 15,468,

4 Balance Sheet May 31, 2016 Current Current Month Prior Month Month Last Year December 31, 2015 (a) Restricted Cash Maintenance & Repairs Reserve Account $ 135,220 $ 135,197 $ 60,065 $ 60,135 Capital Campaign/Debt Service 391, ,038 18, ,160 Restricted Cash - - 2,548 2, Real Estate Taxes 90,000 90,000-90,000 Other Restricted Cash 7,081 7,081-87,860 Funds Transfer - Restricted to Transfer Out $ 624,247 $ 548,316 $ 80,722 $ 475, , ,316 80, ,828 (b) Current AR Accounts Receivable - Campers $ 4,086 $ 4,086 $ (2,743) $ 3,886 Camper Discounts-Other Reserve (116) (116) (116) (116) Accounts Receivable - Retreats 11, ,206 (8,816) 36,478 Accts Receivable - Other 7,191 8,386 (25) 5,882 Pledges Receivable 81,129 86, , ,468 Pledges Receivable - Reserve (500) (500) (500) (500) PldgRec-Undocumented/Contingen (19,164) (19,164) (57,891) (19,164) $ 83,725 $ 196,199 $ 62,124 $ 146,934 83, ,199 62, ,934 ( c) Other Current Assets Employee Advances $ 4,425 $ 4,981 $ 1 $ (19) Prepaid Expenses 194, , ,687 16,649 Prepaid Insurance 51,100 51, ,199 $ 250,479 $ 206,655 $ 259,688 $ 28, , , ,688 28,848 (d) Accounts payable & accrued expenses Over 90 days Total Non Kandle Payables $ 152,014 $ 2,092 $ 4,788 $ 1,742 $ 160,635 Kandle 80, ,684 Total Accounts Payable 232,698 2,092 4,788 1, ,319 - Accrued Expenses 22, ,838 Accrued Real Estate Tax - FY ,000 90,000 Accrued Real Estate Tax - FY16 39, ,583 Accrued Payroll 43, ,403 Total Accounts Payable & Accrued Expenses $ 338,522 $ 2,092 $ 4,788 $ 91,742 $ 437,144 $ 437, Capital Expenditures Building Furniture Vehicles Redevelop Total FCIDA Fee $ 3,125 $ 3,125 3 new cabins $ 218,488 $ 23, ,700 Cafeteria tables 17,883 17,883 3 hot water heaters - Lodge Bet 23,340 Gator $ 14,166 14,166 Total 2016 additons $ 218,488 $ 41,095 $ 14,166 $ 3,125 $ 300,215 4

5 Capital Camps and Retreat Center 2016 Annual Campaign Status as of 6/22/2016 Campaign Goal $ 325,000 (a) Collections to date 33,898 "Pledged" commitments to be collected 16,450 (b) Total 2016 Campaign Funds Raised 50,348 Shortfall from 2016 Budgeted $ 274,652 (a) Gross Budget Annual Campaign $ 325,000 Less estimated non collections (10,000) Net Budget Annual Campaign $ 315,000 (b) Includes contributions made in 2015 $ 4,100 5

6 Capital Camps and Retreat Center Capital Campaign "3" Status as of 6/22/2016 Campaign Goal $ 6,000,000 Executed pledge commitments to be collected 256,200 Verbal pledge commitments 219,049 Total 2016 Campaign Funds Raised 475,249 Shortfall from 2016 Goal $ 5,524,751 Collections to Date $ 1,800 6