{"id":1873,"date":"2013-10-05T06:35:00","date_gmt":"2013-10-05T12:35:00","guid":{"rendered":"http:\/\/meadowhill.net\/?p=1873"},"modified":"2013-10-05T06:35:00","modified_gmt":"2013-10-05T12:35:00","slug":"treasurers-report-17","status":"publish","type":"post","link":"https:\/\/www.meadowhill.net\/?p=1873","title":{"rendered":"Treasurer\u2019s Report"},"content":{"rendered":"<p align=\"center\">For the eight months ended<br \/>\nAugust\u00a0 31, 2013<\/p>\n<p>Budget Summary<\/p>\n<p>Year-To-date income of $390,452 is $8,656 ahead of plan. Year- To-date expenses of $355,819 are $12,426 less than budget. Payroll and benefit expense remains the prime reason for the favorable position, far offsetting insurance premiums which are $9,898 over budget. All other major budget categories are under control.<\/p>\n<p>Balance Sheet Summary<\/p>\n<p>Total cash balances on hand at the end of August to meet operating costs, amounted to $51,082.\u00a0 The social checking account balance is $813. The labor Day cocktail party contributed a net $48. Reserve balances on hand at the end of August (money market accounts) totaled $428,403 with $146,000 remaining on what is owed to B&amp;W Paving. Year-to-date contribution to reserves is $60,840. To date, capital expenditures amount to $267,890.<\/p>\n<p>The balance sheet remains in decent shape. The Association is debt free as we continue to build reserves toward completion of the paving project.<\/p>\n<p>On September 24<sup>th<\/sup>, the Finance Committee\u00a0 met at the clubhouse to take a preliminary look at next years\u2019 budget and discuss the Five Year strategic plan.<\/p>\n<p>David Faxon Treasurer<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the eight months ended August\u00a0 31, 2013 Budget Summary Year-To-date income of $390,452 is $8,656 ahead of plan. Year- To-date expenses of $355,819 are $12,426 less than budget. Payroll and benefit expense remains the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1873","post","type-post","status-publish","format-standard","hentry","category-lark"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/1873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1873"}],"version-history":[{"count":1,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/1873\/revisions"}],"predecessor-version":[{"id":1874,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=\/wp\/v2\/posts\/1873\/revisions\/1874"}],"wp:attachment":[{"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meadowhill.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}