Regular Meeting (Treasurer’s Report)

The financial report for May 1, 2024, provides a detailed overview of the organization’s financial status at the beginning of the month. The beginning balance was recorded at $1,072,038.68. Throughout the month, the organization experienced disbursements totaling $112,371.87 and receipts amounting to $6,004.17. These transactions resulted in an ending balance of $965,670.98. The report also breaks down the ending balance into specific accounts, including a CPS account with a balance of $127,052.87, a checking account with $326,748.30, a tax fund with $8,611.15, and a debit account with $4,268.71.

The reconciliation section of the report further details the credits and debits that affected the various accounts during the month. This section is crucial for ensuring the accuracy of the financial statements and for identifying any discrepancies that may need to be addressed. The credits and debits are categorized under the CPS, checking, tax fund, and debit accounts, providing a clear picture of the financial activities and their impact on each account.

Overall, the financial report for May 1, 2024, indicates a healthy financial position for the organization, with a substantial beginning balance and a detailed account of the month’s transactions. The reconciliation process ensures the integrity of the financial data, which is essential for making informed decisions and maintaining financial stability.