Panama City Community Fund board unanimously approves FY2024 audit, quarterly finances and conflict policy

On July 8, 2025, the Panama City Community Fund board of directors met and unanimously approved the April 8 meeting minutes, the quarterly financial report for the period ended June 26, 2025, the fiscal year 2024 annual financial report and governance letter, and adopted a conflict-of-interest policy.

The board’s actions formalize routine financial oversight and governance for the nonprofit that holds local hurricane relief funds and related accounts. Board President said the FY2024 audit produced “a clean opinion with no findings,” and the board voted 5-0 on each item.

Directors approved the quarterly financial report and the FY2024 annual financial statements and governance letter by roll-call votes of 5-0. The board also approved a conflict-of-interest policy described at the meeting as intended “to protect the tax-exempt status of the Panama City Florida Hurricane Disaster Relief Fund, Inc.” and to supplement applicable state and federal conflict-of-interest laws governing nonprofit and charitable funds. The policy text presented at the meeting was unchanged from the prior year, and directors were asked to sign a conflict-of-interest declaration after the meeting or deliver it to the secretary’s office.

At the meeting the board noted it has filed a change-of-name request with the state to operate as the Panama City Community Fund but that the legal entity name on the policy remains Panama City Florida Hurricane Disaster Relief Fund, Inc. Board members were told that the fund’s bank account is held at First Federal. No public comments were offered during the audience participation period.

After taking the votes, the board moved to adjourn; the motion passed 5-0.

Meeting materials placed at directors’ seats included the quarterly report and the FY2024 audit and governance letter. No amendments or dissenting votes were recorded during the session.