1. Finance Committee
Executive Committee
August 7, 2017

2. FY17 Performance - June
Advance funds for housing Fixed asset purchases - $18K for laptops & new file server & building improvements
A/P up $52K from May due to mileage reimbursement,; Chiodini ; Laptops & Work Comp
Accrued liabilities up in June ($241K) due to June payroll paid out in July, increase in vacation accrual ($13K)
Deferred Revenue up due to – Stupp Foundation ($10K0, DMH Housing payments ($17K) & payments for Bridges, subcontractor, $47K

3. FY17 Performance YTD
Cash position up $810k from 5/31; Cash balance 6/26 - $4.41M (includes $1.22M CD’s)
A/R balance $1.7M reviewed for accuracy – down $350K. New Medicaid/DMH is $804K down $249K from last month; New Grant & Other $338K. A/R - $0.137M from grant funders (high confidence to collect). 7/27: DMH-Medicaid A/R remaining open from May is $46K.