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Rutland RPC reports ~ $58,000 net income for November; accounts receivable drop to $264,000
Summary
Devin presented the November profit-and-loss showing roughly $58,000 net income and explained major invoicing (including a project invoice of over $260,000). Accounts receivable were reported at $383,000 in November and $264,000 as of the meeting.
Devin presented the November financial report, saying the November profit-and-loss reflected a net income of roughly $58,000. He said Line 402 showed a spike because FY26 member dues were invoiced and that a project invoice for over $260,000 is expected to raise Line 403 in December. He noted some grant-related lines are low now but will pick up as projects progress.
On the expense side, Devin cited payment of the FY25 audit in full and an annual Front Porch Forum subscription (about $2,200) as reasons some expense lines are higher than typical. Equipment purchases increased due to a new Dell lease agreement.
Devin reported accounts receivable totaled $383,000 as of November, with almost $18,000 attributed to Quisp; as of the meeting date he said accounts receivable totaled $264,000. He said staff will run a cash-flow analysis in January or February to understand the remaining six months of the fiscal year.
No vote or formal financial decisions were taken; the report was provided for informational purposes.
