Harsens Island Transportation Authority Treasures Report

January 10, 2021

 

Key Activities:

1. Applied and Set up a HITA PO Box August 18, 2020 Address is:

   HITA, PO Box 28007, Harsens Island, MI 48028

   Cost $128.00 for 1 year

2. HITA Checking Account

   • Met with 5/3 Bank to discuss the logistics August 23, 2020.

   • Applied for EIN for HITA with IRA on August 26, 2020. Faxed application at a cost of $18.59.

   • Received approval from IRS on December 3, 2020.

   • Met with Huntington Bank on setting up checking account.

   • Finalized application for checking account up checking account December 30, 2020.

   • Expected to receive HITA checks the week of January 18th.

   • Cash in Checking Account as of 1/10/2021: $887.11.

 

Donations (August-December): $1125.00

HISCFA Fund Transfer $431.07

Total Cash Received (August-January) $1556.07 Liabilities:

Harsens Island Post Office Gary Beaulac $128.00 Firm Foundations Marketing Margie Baldwin $452.00 Staples (IRS Fax) Gary Beaulac $ 18.59 Total $ 598.59

 

Net Cash collect less Liabilities (invoices) $957.48

Cash in Checking Account $ 887.11

 

Still collecting invoices for reconciliation: ($70.37). We have been working in a cash basis from August to current due to no checking account was set up until the end of the year.

 

Respectively Submitted
Gary Beaulac

HITA Treasurer