Village of Boyd finances are in for the month ending Aug. 31, the financial report read and approved at the regular September board meeting.
Starting last month with $197,358.79 on hand, the village received $120,060.90 in credits and spent $55,642.26 in debits, resulting in an end balance of $261,777.43.
Subtracting an additional $10,489.28 in outstanding checks while adding $333.75 in outstanding deposits not on the statement, total cash on hand as of Aug. 31 comes out to $251,621.90.
As for activity over the past month, the village started with a statement balance of $193,874.05, adding $29,586.84 for utility receipts and $90,118.25 for general receipts, along with $8.99 in interest to come out at $119,714.08 for monthly revenues. Of this $84,485.85 came from the Chippewa County Treasurer for “August Settlement.” Other large checks for August came in from Charter Communications ($1,438.14 for “Franchise Fee”) as well as Rural Septic Service ($1,881.02) and Gib’s Affordable Septic ($1,753.84) for loads hauled to the Boyd Wastewater Treatment Plant. The remaining 13 receipts for the village averaged $43.03.
As for disbursements in August, Boyd saw $40,892.79 paid out for Accounting and $21,063.44 in payroll, an NSF Check return fee of $10 bringing total disbursements to $61,966.23.
Adding the previous months balance of $193,874.05 to the August receipts of $119,714.08, and then subtracting $61,966.23 in total disbursements, brings the ending balance for August to $251,621.90.
As for the NSF fee, it was related to water.
“Somebody wrote a check for a water bill and the check got returned to us,” Village Clerk Sandi Isaacs said. Saying that “it doesn’t happen very often,” Isaacs said a notice was sent out and the person paid, the additional charge assessed for non-sufficient funds, both by the bank and the village.