The General Fund is about where it was at the start of the year, $9.9k. Thus income and expenses are in balance, but we have not made apportionments payments this year. The conversion to Paychex for salary distribution is in progress, with positive results to date. Salary payment by direct bank deposit is now available to those who wish it.
After some discussion the FC voted to make 1/12th monthly payments in March and April. At the end of 1Q our financial situation will be reviewed and cost reductions made to keep us on course, if necessary. Weekly estimates of where the GF will close at year-end oscillate around $368k, about $10k below the budget total.
The Counters, Posters and Treasurers list will be published by the Chair by the end of the month.
It was noted in passing that the Trustees have voted to pay for the new Finance computer and associated items as a capital expense. The FC thanks the Trustees for doing so. We do need a definition of what technology purchases constitute capital expenses. The FC will work with the Trustees to accomplish this.
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