Monthly Financial Reports
Our April disbursement of $ 56,585.56 contained disbursements for the month of March. Patient billing receipts for the month totaled $ 2,136.56. Notable expenses were for volunteer recognition rewards, CRS fees for monthly financial documentation preparation, annual election filings, annual 1099 processing and research, district financial advice.
The March 10th tax receipts (for February) totaled $ 19,111.08. We have received three payments stemming from patient billing totaling $1,765.01. 2020 CDPHE grant reimbursement has been completed and received for $78,224.08. Major expenses for the month included Volunteer recognition awards
(Please note: The financial report for February has not yet been officially approved by the board due to the cancellation of our March meeting over COVID-19 concerns)
Tax income represents funds disbursed representing February 2020 in the amount of $57,031.34 (after county treasurer fees of $1,685.08. Major expenses for the month of February include $6,376 for our annual insurance policy, $4,500 for EMT trainer fees, $1458 for mandated child restraints for the cots and $1,706.75 for financial administrative fees.
Income for the month of January was $17,669.73 of which $18,141.00 was from county taxes less the county’s fees of $471.27. Major expenses for the month included $3,100 for ambulance repairs, $2,747 for tuition & books related to EMT training and $1,205 for books for the new EMT classes.
Net income from the taxes this month are $4,569.00 which brings us to a total of $208,661.33 for the Year. Communications equipment pertaining to the 2020 SDHPE State grant has been ordered and paid for to the tune of $9,516.00. Fortunately as the grant was a 90/10 match, we’ll be getting 90% of the purchase amount back once the paperwork has been processed.
Tax income for the month was $5,599.21 after the county fees of $80.35. The purchase of the Stryker power cot and cot loader as well as the LifePak unit was completed and the paperwork started to get the 90% reimbursement from the State grant. The new laptop, case and mounting equipment for Med-1 was ordered and installed.
With this month’s financial reporting, we are transitioning from fiscal month to calendar month reporting. As such, this report will reflect some duplication from last month’s report.
Total taxes received for this period were $ 2,836.80 after county processing fees of $9.03. Notable expenses were $540 for continuing education for EMTs, $247.50 for credentialing fees and $200 for new volunteer drug screening. Our combined bank balance is currently $154,909.92.
Income for this month from tax receipts was $3,695.36 after the county’s processing fees of $34.58. Notable expenses were: $1,848.88 for Med-1 tires and repairs and $4,188.28 for medical supplies. Our current combined bank balances are $153,905.48
Income received for August tax disbursements was $5,104.97. Major expenses were $701.56 for the registration of Med-1, $4,188.28 for medical supplies and $464.66 for tires for Med-1, Current combined balances are $ 157,688.28 (not including uncleared checks). Reserve balances are $54,396.46. Available funds are $103, 381.82.
Income received for July tax disbursements was $8,168.22. Major expenses included: $10,000 for the purchase of Med-1 from Ramrod (AVA), $497.50 for FreCom Qtrly. fees, $798.55 for ambulance maintenance & $459.49 for a storage cabinet. Current combined balances are $ 164,880.83. Available funds are $ 110,574.37
Income received for June tax disbursements was $31,784.85. Notable expenses were $495.00 : Business Options – Credentialing Services and $480.00 : Annual Ambulance Detailing & Waxing. We received our EMTS grant request for $91,129.59 of which we’ll have to match only 10%. The grant will be used for communications equipment, a new cot and loader for Med 2 and a new Lifepak unit.
May’s Tax receipts were $19,272.26. Notable expenses were $184.65 : Advertising and Handouts for public events (Chili Cook-off, etc.), $251.18 : Cleaning & Storage Supplies, $313.85 : Radio Batteries and $496.42 : County Treasurer fees. Our current combined balances are $128, 716.55 of which $45,168.50 has been set aside for reserves and future purposes.
Our May Disbursement contained disbursements for the month of April totaling $ 52,624.61 bringing out YTD tax base total to $ 132,744.22. Major expenses for the month were the purchase of Med-2 and for the EMT trainers.
We’ve received 2 months worth of tax distributions (March 7 April) totaling $63,324.87. Major expenses for the month included radios and communications equipment, Medicare application fees, medical supplies and Frecom quarterly charges.
Highlights: Feb tax disbursement held up by DOLA, Donation from AVA to cover EMT training fees, Annual insurance policy purchased, Radio purchases