SOTH Council Monthly Committee Report

Committee Name


Report Date


Items Discussed

Financials for May 2019 are attached.

A substantial contribution for the General Fund was received this month. This contribution puts us in line with achieving our proposed income for the year.

The kickoff for the Mortgage Reduction effort will begin the first week in July with a bulletin insert and introduction during announcements. The goal will be to raise $150,000, but over $20,000 raised by the start date.

Need to get financial plan to replace a/c units as they fail.

Need to determine how garage project will be financed.

Note that Raymond James investments showed a significant loss in May, but probably will substantially recover in June.

We are keeping up with payment of all liabilities.

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