FCSA BANK BALANCES DROPPING AS ASSOCIATION REPORTS POSITIVE NET OPERATING INCOME

FCSA Treasurer, Jason Long, shared the dashboard pictured above online at https:/ /treasurer.fortclark.com/ This dashboard gives some insight into various financial aspects of FCSA, primarily the monthly ending total of all bank balances presented to members of the association. 

Additional context has been requested from the FCSA General Manager to further explain the drop in overall funds for November by approx. $111k, despite the positive net operating income presented in the December meeting for the November Profit and Loss Statement. 

This report comes as member concerns build surrounding the financial position of the Association, despite the increase in assessments approved for Dec. 2024, following the previous increase in January 2024; the previous years’ helpful, non- recurring Employee Retention Credit (ERC), and the positive outlook described by Directors in open meetings of the Association. Following the December 14 FCSA Board of Directors meeting, a workshop was held to outline priorties and goals, and as a followup to the 2023 Vision Traction Organizer workshop that was completed last May. Despite previously approving the operating budget for the current fiscal year, and without an approved budget for capital expenditures or restricted funds, FCSA hopes to move forward with developing plans for improvements and capital projects that will promote growth for the association. 
Kinney County Post will continue to investigate and provide updates as they become available.