Committee approves May and June financial reports; bingo and yard sale proceeds noted
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Summary
Members approved May and June financial reports after Treasurer Sandy Fielding presented account balances and fundraising tallies: bingo profit $4,436.84 and yard-sale proceeds roughly $5,970.20; June checking and 501(c)(3) balances were reported.
The committee approved the May and June financial reports after a presentation of account balances and recent fundraiser results.
Why it matters: The finances show recent fundraiser income the committee uses for float-building and event expenses.
At the June 3 meeting, Sandy Fielding reported April and May account balances and fundraising totals. For April the committee’s checking account balance was reported as $709,280 (likely a transcription grouping error; see clarifying details), the 501(c)(3) checking as $104,601.23, and savings as $161,363.70, with a grand total of $271,830 (these figures appear inconsistent on the record and were read aloud as presented). Sandy said the bingo fundraiser produced a profit of $4,436.84 after receipts and expenses were tallied. For May, Sandy reported the committee checking as $12,809.14, 501(c)(3) checking as $98,767.03, and savings of $180 (amounts presented by speaker; some punctuation/formatting issues noted). The yard sale brought in a grand total of $5,970.20 with expenses of $366.05.
After the report, Leland moved to approve the May and June finances and Jeremy seconded; the committee voted to approve with no recorded oppositions or abstentions.
Next steps: Treasurer to bring itemized receipts and final yard-sale amounts at the next meeting.