Treasurer's Report for February 2023
Assets: Combined Checking and Savings Total: $31,929.84 and we have $40 in small bills for fundraiser startup costs and till seed money and $1,925 in undeposited funds for a grand total of $33,894.84
Accounts Payable: The only significant non reoccurring monthly expense was the annual renewal of the POBOX for which a check for $210 has been written but has not cleared as of this report and the cost for stamps to mail out invoices.
Reimbursements: There have been no reimbursements.
Lot Dues: Collection of lot dues 2023:
To date, we have collected $10,365.00
94 Accounts have paid on time
18 remain outstanding
4 accounts carried over in arrears from the 2022 collection cycle.
Late notices are scheduled to go out on 01MAR2023
Fundraiser: There have been no formal fundraisers this quarter.
Bank Transactions since the previous report as follows:
Treasurer's Comments:
First State Bank Livingston is not offering a competitive interest rate in this economic climate. They are currently paying 0.4% on both the savings and checking versus other institutions paying on average 3.5% on qualified savings accounts. The difference per month is roughly $8 on $27k versus $78 on $27k. Treasurer will recommend investigating why FSB is not rewarding PSCC with an industry commensurate rate or changing financial institutions.
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