Board of Directors – June 12, 2024: Financial Reports


DATE: June 12, 2024

TO: PPACG Board of Directors

FROM: Carol McBroom, Finance Director

THROUGH: Andrew Gunning, Executive Director

SUBJECT: Summary Financial Reports

ACTION REQUESTED: Information Only


SUMMARY

The April 2024 financial reports are attached.

The Balance Sheet illustrates PPACG assets, liabilities, and fund equity. Assets as of April 30, 2024, were $4,781,715. This is an increase of $345,515 over year end 2023. Total Assets include Cash of $2,071,167 and Accounts Receivable of $2,239,548. Liabilities as of April 30, 2024, were $1,607,850. This is an increase of $291,100 over year end 2023. Total Liabilities include Accounts Payable of $595,460 and Unearned Revenue of $792,251. Total Equity as of month end April 30, 2024, was $3,173,865.

Statement of Revenue and Expenses shows year-to-date income and expenses as compared to budgeted amounts and budget variances. Year to date Revenue as of April 30, 2024, was $3,734,355. This is 73% under the total 2024 budget. Year to date Expense as of April 30, 2024, was $3,679,939 and is 73% under total 2024 budget. Net Revenue over Expense as of April 30, 2024, was $54,416.

I am available to address any questions that Board members may have about the report information.

ATTACHMENT(S)