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Matt reports corrected balances, tax disbursement and renovation costs
Summary
Matt presented a corrected client statement and cash-balance report: a $60 missing transaction was added, the end-of-June balance was stated as $139,433.34, a recent property tax disbursement was about $124,000, and building/HVAC work totaled about $94,000 with $77,000 covered by the county.
Matt gave the board a financial update and a corrected May client statement, noting a $60 June 1 transaction that had not been included in the prior report. "I found there was a $60 transaction there that didn't get in last month's report," he said, and described the corrected end-of-May and end-of-June balances and adjustments.
He told the board that a property tax disbursement of roughly $124,000 had bolstered cash flows and that building renovation and a new HVAC unit cost about $94,000, with approximately $77,000 provided by the county—leaving roughly $17,000 paid from other funds. He said cash is down about $26,000 from this time last year but should remain adequate until the next property tax distribution.
