Mike Boone, Helena-West Helena, City Treasurer
Mr. Michael L. Boone, City Treasurer for the City of Helena-West Helena, Arkansas, has submitted another timely financial report to the city council and general public. Under our local rules, Mr. Boone’s report is due at the second meeting of the month. Therefore, this report, which covers July 2010 and is considered the August report, is not due until August 17, 2010. The report is attached for your review and consideration.
A quick summation of the report is as follows. For the month July our income was $248,802.27 more than our expenses. For the current fiscal year our income exceeds our expenses by $537,456.06. These numbers are bolstered by the July financial report. Each quarter, January, April, July, and October; we receive franchise tax payments which increase our revenues in those particular months over and above what might be considered an average month. Our general fund bank reconciliation report shows a Statement Balance of $250,626.57 with outstanding checks in the amount of $151,328.00 therefore giving us a reconciled balance of $99,298.57.
AUGUST REPORT ON CITY FINANCES BY CITY TREASURER MICHAEL LYNN BOONE
The Report Includes the Following Items:
Income Statement for July 2010 and YTD (Year to Date 2010)
Reconciliation Report July 2010
Cash Receipts Journal July 2010
Cash Disbursements Journal July 2010
Regions Statement July 2010
Bank of the Ozarks Statements Jan-June 2010
Bank of the Ozarks Current Balance Statement 8/3/2010
Joe St. Columbia’s Questions and Mike Boone’s Response
BOONE-AUGUST-FINANCIAL-REPORT-2010
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