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Lenox Park
News
 
 

Budget Bits - August
Posted on Aug 15th, 2021

by Mike Bossio, Treasurer
 
From the July 31 Balance Sheet, our Operating Fund is sitting at $208,110.04, a bit lower than the June balance of 212,103.70. The Reserve Fund is now up to $1,189,186.94, up from $1,178,914.29 through June. We deposited the planned RF monthly deposit of $17,046.17 and earned interest of $94.48. Although things are still progressing as we expected, you do need to be aware that, as a result of several recent severe storms, we have incurred fallen tree damage and tree removal expenses of approximately $30,000. We will review the budget and look for offsetting expenses to help us continue to control our expenditures. Our concern of course is that it is still early in the summer and there is plenty of time to experience more storms. It is our hope that we won’t. We have to wait and see.
I will continue to keep you apprised of our performance on a monthly basis.