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Financial review: ‘Round the Mountain and Friends post modest surpluses amid pending grant receivables
Southwest Virginia Cultural Heritage Foundation Board of Trustees · March 1, 2026
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Summary
Finance staff reported FY24/25 results: ‘Round the Mountain had a $23,000 profit with a $77,000 cash position; Friends reported a $142,000 profit and $397,000 cash position, with several receivables tied to ARC and West Piedmont grants and obligations to People Inc.
At the Sept. 11 meeting Paula Hurt presented the Foundation’s FY24/25 financial results for two partner organizations.
Paula Hurt said ‘Round the Mountain reported an overall profit of $23,000. Revenue was down by about $18,000, but expenses were well under budget; a planned $25,000 cash reserve was not…
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