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Land Bank accepts January financials; accounting to reclass accounts before updated reports
Summary
The board accepted January financials and directed accounting to reclass accounts; staff member Tim will supply updated financial reports once reclassification is complete.
The Muskegon County Land Bank Authority accepted its January financial reports at the Feb. 17 meeting after discussion about account reclassifications. A motion by Drier to accept the January financials and place them on file was supported by DeMumbrum and approved by all members present.
Minutes note that accounting and "Stacy" are working on reclassing accounts; once that work is complete, Tim will provide updated financial reports to the board. No dollar amounts or line-item changes were included in the minutes; the board instructed staff to file the January reports pending the updated version.
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