|
f
<br />"ST V G V/' S
<br />�m¢6iYi��,/„VI, , I,„U�II, /� f d,D imtiill I d /diC`frll// eIf;G9pG
<br />Discuss and Consider App
<br />roval of the August 20 2024 Meeting Minutes
<br />Chairman Bray presented the August 20, 2024, meeting minutes for review and discussion.
<br />Mr. Roddy made a motion to approve the minutes as presented. Mr. Homer seconded the motion.
<br />Vote: 4 -ayes to 0 -nays
<br />Discuss and Consider Approval of the M@yjypgjuly and August 2024 Financial Statements
<br />Secretary and Treasurer Chase Coleman reminded the Board that financial statements for the months of
<br />May, June, and July had not been available from the City of Paris until recently. He began his report by
<br />presenting the financial reports ending May 31, 2024. Total assets were reported to be $10,330,497.
<br />Total liabilities were reported to be $2,163,204, leaving the PEDC with a total net position of $8,167,293.
<br />Mr. Coleman continued with the income statement for the month, citing the reported total revenue as
<br />$217,727. He concluded the financial report for the month of May by presenting total expenditures and
<br />net income for the month.
<br />Mr. Coleman opened the floor to questions regarding the May financial report. There were no
<br />questions.
<br />Mr. Coleman continued his report by presenting the financial reports ending June 30, 2024. Total assets
<br />were reported to be $10,459,280. Total liabilities were reported to be $2,149,598, leaving the PEDC with
<br />a total net position of $8,309,682. Mr. Coleman continued with the income statement for the month,
<br />citing the reported total revenue as $196,100. He concluded the financial report for the month of June
<br />by presenting total expenditures and net income for the month.
<br />Mr. Coleman opened the floor to questions regarding the June financial report. There were no
<br />questions.
<br />Mr. Coleman continued his report by presenting the financial reports ending July 31, 2024. Total assets
<br />were reported to be $10,311,080. Total liabilities were reported to be $2,146,868, leaving the PEDC with
<br />a total net position of $8,164,212. Mr. Coleman continued with the income statement for the month,
<br />citing the reported total revenue as $191,510. He concluded the financial report for the month of July by
<br />presenting total expenditures and net income for the month.
<br />Mr. Coleman opened the floor to questions regarding the July financial report. There were no questions.
<br />Mr. Coleman continued his report by presenting the financial reports ending August 31, 2024. Total
<br />assets were reported to be $10,263,111. Total liabilities were reported to be $2,121,970, leaving the
<br />PEDC with a total net position of $8,141,041. Mr. Coleman continued with the income statement for the
<br />month, citing the reported total revenue as $213,695. He concluded the financial report for the month
<br />of August by presenting total expenditures and net income for the month.
<br />Mr. Coleman concluded his report of the financial statements by noting that the PEDC's current year-to-
<br />date revenue is well over budget and the current year-to-date expenditures are well below budget.
<br />Page 2 of 4
<br />4 � �iUi ��Y•, C ���101i��� ��iYS� ti1Y 'fI��S4 iii (�la� -` `�ti55 fl�'>TY fi ��";i4f l��i�lb4'�Nl'�l�`1�7)YEN!�(fi�i`�M���!I��fl�li�Ili!�1���1�� �1�iV`�yiVid�i'!Vi��Y�b�l)1�111Yf1)�f!I�9lY�i11�1�?�l�I�iitiifiYYl@�Y`i�4i)N�Y17Yg�S�!6f��1)g���4Y����af�P!��N�C�II�(l�titt��1���1��n�11b`��U�U����A)d
<br />
|