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Main Street board records financial report; staff says operations remain within budget
Summary
Treasurer/staffer Jacob reported the organization remains on budget, with fundraising offsetting event expenses; the board moved to put the financial report into the record by voice vote.
Jacob reported to the Main Street Board of Directors on Aug. 13 that the organization is "trending well with budget," with revenue and expenditure reports in the meeting packet showing expenses for events are being covered by fundraising.
"Fundraising continues to backfill and support that. So no concerns. We're we're very strong financially," Jacob said.
Why it matters: The board reviewed standard financial statements (balance sheet, revenues and expenditures) ahead of the fall event season and voted to place the financial report into the meeting record.
The board voted by voice to record the financial report. There were no named dissenting votes recorded in the transcript.
No budget amendments or new appropriations were proposed during the meeting; Jacob fielded no questions and the board moved on to other agenda items.
