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Fair Board reviews year-to-date finances showing $124,084.78 net income
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Summary
Board heard a detailed year-to-date finance report showing total income of $242,136.93 and net income of $124,084.78; members asked clarifying questions about write-offs and building liabilities.
A staff member presented the Bradford County Fair Board with a year-to-date financial report that showed $242,136.93 in total income and net income of $124,084.78.
During the finance presentation the staff member identified major income streams: rental income of about $56,000 and fair income totaling $157,988.04, along with miscellaneous general income. General expenses were listed at $68,895.19. The year-to-date balance-sheet figure for total liabilities was read as $187,541.25.
Board members asked follow-up questions about accounts receivable and write-offs; the staff member said certain write-offs from the last booklet return would remain on the year-to-date report for the fiscal year. After discussion, a motion to accept the finance report as read was moved, seconded and approved by voice vote.
The presentation was intended to give the board a year-to-date snapshot covering July through March of the fiscal year; members said they appreciated the overview and would follow up with specific questions as needed.
