Scott Rockafellow (Treasurer) provided the update below. If you have any questions you can email Scott at email@example.com.
Hard to believe that we are only half way through 2020 given everything that has happened in a short 6 months. Attached is the financial update through the
First 6 months of the year.
Overall, we are at 55% percent of the operating budget
Brings to light that we need to look at investing in new equipment.
Current anticipated free cash for the year is around $82K, so we don’t have a lot of wiggle room, as the project list grows. The Board will continue to discuss/review and prioritize
Needs, especially given the recent damage form the Tornado and flooding.
Currently, we have $112,000 in uncollected funds (back dues, bankruptcies, defaults), which continues to create challenges.