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Collings Lakes board approves December financials; unpaid bills and account balances disclosed
Summary
The Collings Lakes Civic Association approved the treasurer's December statement showing YTD revenue of $608,280.83 and YTD expenditures of $244,862.94; the meeting records large unpaid vendor balances including $134,999.95 to RD Zeulli and account balances across operating and dam accounts.
At its Jan. 6 meeting the Collings Lakes Civic Association approved the treasurer's December statement, which included detailed transaction listings and account balances.
Treasurer Beth Anderson presented the Statement of Activity for December 2024: December revenue $27,249.56 and year-to-date revenue $608,280.83; total December expenditures $10,962.96 and YTD expenditures $244,862.94; net YTD revenue $486,135.50. The report listed interest income, legal fees collected, fundraising and other fees; the cash-basis report also recorded numerous vendor payments and billings.
The minutes record vendor-specific balances and unpaid bills: RD Zeulli had billed $91,099.95 (Bill App 13) and $43,900.00 (Bill App 14) totaling $134,999.95; other payables included Hill Wallack ($9,704.00) and Pennoni Associates ($5,495.00). Account balances at Dec. 31, 2024 were listed as: Operating (Account 155) $305,024.86; Dam MM (Account 171) $427,567.41; MM (Account 198) $81,841.88; Games of Chance $5,047.86; Petty Cash $479.72.
Donovan Saunders moved to approve the treasurer's report; David Blair seconded and members approved the report with no exceptions. The minutes show the board authorized payment of routine bills but separately voted to hold the $43,900.58 RD Zeulli invoice pending clarification (see separate article).
