[Lnc-business] February Financial Reports

[Tim Hagan]

The February End-of-Month Financial Reports are attached. In February, we took the $33,400 maximum annual limit from a bequest left to the LNC. The reserves temporarily went to $64,059, which is above the $50,460 target. However, the 2014 year end bonuses were paid in March, and Direct Line was hired for $19k to make renewal calls. The unrestricted cash is now at about $40,000, which is $10.4k below the target reserve. At the end of the month, the restricted funds had $14,890, with $4826 in the Building Fund, $7161 for Legal Offense, $2555 in the Campus fund, and $349 in the Radio Ad Project.

Tim Hagan
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