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Perimeter Park West reports $5.8 million in assets and $245,000 revenue for quarter ending Sept. 30
Summary
Board reviewed Haraden Associates-prepared quarterly statements: cash and assets about $5.8 million; revenues $245,000; operating expenses $168,600; net assets increased $76,796.43; cash on hand $628,423.97. No board action required.
Haraden Associates prepared quarterly financial statements for the three months ended Sept. 30, which staff presented to the board for informational purposes. "We closed the quarter with our cash and assets right at 5.8 million," Liz said, then summarized revenues and expenses for the period.
Staff reported total revenues of $245,000 and total operating expenses of $168,600, leaving an increase in net assets of $76,796.43 for the quarter. The statement of cash flows showed cash on hand at $628,423.97. The board took the financial statements as informational; no motion or vote was required on the reports.
