6.07 Finance Committee Report

Over the past month, we have had several productive meetings and meaningful discussions regarding our financial policies and procedures. While some procedural adjustments are still needed, I am confident that our staff is exercising due diligence in fulfilling its responsibilities.

Our most recent meeting was both efficient and productive, providing full transparency into income and expenditures. We also established an improved process for the Treasurer to review and approve payment vouchers, strengthening our financial oversight and accountability.

Although our payroll service handles quarterly payroll tax filings, I recommend engaging a CPA to review our books regularly to help ensure the accuracy of our financial records and the soundness of our accounting practices. I also strongly recommend that a CPA prepare our annual tax returns.

We appear to remain on track with our budget. However, reducing outstanding debt and bringing all past-due obligations current must remain a priority.

For ease of reference, I have also uploaded here the reports Steve previously posted in the Finance Committee folder.