By Mike Bossio, Treasurer
From the July 31 Balance Sheet, our end of July Operating Fund is sitting at $199,607.33, which is $18,243.08 more than the June 30 balance of $181,364.25.
The July Reserve Fund is $1,208,117.75 which is $17,315.32 greater than the June 30 balance of $1,190,802.43. We deposited our planned amount of $17.046.16.
Several expense items came in over their monthly budgeted amount. They include:
#5105 Reserve Studies: $1959.00 Actual vs $292.00 Monthly Budget: The Budgeted amount is calendarized over 12 months whereas the bill was paid in June and July.
#5210 Printing Copying (Actual $792.05; $142 Budget) and #5215 Postage (Actual $322.04; $58 Budget): support of the Annual Meeting in May
#6515 Building Repair and Maint.: $2100 Actual vs $583 Budget: Gable Vent Replacement
We are still progressing nicely. I will continue to update you monthly.
