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Authority approves treasurer's report and payment of June bills; balances reported
Summary
Treasurer Karen Shipton reported reconciled bank statements and balances across reserve and general accounts; the authority approved payment of June 2026 invoices totaling submitted transfers and invoices of $21,186.05.
Treasurer Karen Shipton presented the authority's May account statements and a vendor summary at the June 9 meeting and said the bank statements reconciled with QuickBooks. She reported the Asset Reserve Restricted Account balance was $132,587.29 as of May 29, 2026; the Short Lived Asset Reserve Account balance was $290,162.26; and the General Account balance was $164,995.82 after $60,853.52 in deposits and $25,516.09 in disbursements.
The board moved to approve the treasurer's report and to pay the bills submitted for June 2026. A motion by Bill Finley Jr., seconded by Clifford Hughes, carried unanimously. The minutes list vendor payments for May 2026 totaling $15,966.92 and record transfers to reserve accounts totaling $5,219.13 for the period; the minutes summarize "Total Transfers and Invoices: $21,186.05." Karen Shipton said printed invoices and statements were available to any member wishing to review them.
