Motion to adjourn
By: Jessica Weissinger Seconded by: Keith Pettiway
There was no notable discussion on the motion.
| Name | Status | Arrival Time | Departure Time |
|---|---|---|---|
| Douglas McRae | not present member | ||
| Keith Pettiway | present secretary | On Time | At Adjournment |
| Jessica Weissinger | present member | On Time | At Adjournment |
June 2022 Highlights: Operations: We finished 13K above budget expectations MTD and 281K above expectations YTD due to Cares Act Reimbursement which help offset 71K loss on investments (pre-audit)
Title 1: Reimbursement for 3K in June 132K YTD; 132K allocation for FY 22. Total expenditures submitted YTD totals 132K.
Investments: As of June 2022, our market value on investments in 913K on 1,000,000 base. unrealized loss of 28K for the month; 71K loss for the year.
Cash Position: As of July 2022, we are projecting a cash balance of 468K, net of cash reserves of 1 million. Cash reserves represent approximately two months of operating expenses. It should be noted that presently we have accounts receivable outstanding of 237K as of June 2022.
The meeting adjourned at approximately 7:09 am
Motion to adjourn
By: Jessica Weissinger Seconded by: Keith Pettiway
There was no notable discussion on the motion.