The annual audit of the MA Chapter financial records was conducted on May 17, 2017.
The committee consisted of Brenda Martin, Postmaster Danvers; Richard Tansey, Postmaster South Hamilton, and Peter Golden, Postmaster Lowell. The following was reviewed and all records were found to be in order.
Bank Balance at the beginning of the year: $ 132,897.66
+ All funds received $ 236,691.01
- All expenses $ 216,732.16
Ending Balance as of April 30, 2017 $ 152,856.51
The committee reviewed:
All reconciled bank statements
Canceled and voided checks and deposit slips
Deposit detail report
Check detail report
Monthly financial reports
Credit/Debit Card Transactions
IRS Form 990 Tax Return