Regular Meeting (Treasurer’s Report)

The December 1, 2024, Treasurer’s Report for EA SSON Township provides a detailed financial overview of the township’s funds. The report begins with an initial balance of $805,428.42. Throughout the period, disbursements totaling $78,950.92 were made, resulting in a subsequent balance of $726,477.50. This section of the report is crucial for understanding the township’s financial outflows and maintaining accurate records of expenditures.

Further details in the report break down the township’s assets into various categories. Certificates of Deposit (CDs) are reported at a value of $127,248.74, while the checking account holds $712,179.29. Additionally, the Tax Fund shows a balance of $41,220.33. A debit of $342.26 is noted, which impacts the overall balance. These figures are essential for assessing the liquidity and investment status of the township’s funds.

The report concludes with a reconciliation section, which includes debits and credits that affect the final balance. This part ensures that all transactions are accounted for and that the reported figures are accurate. The township’s financial management team uses this reconciliation to verify the integrity of the financial statements, ensuring transparency and accountability in the handling of public funds.