The Friends of Salemtowne Committee is responsible for the management of monetary donations to Salemtowne.
The Committee ensures all donations are received, acknowledged and accounted for. The Committee works with the SCA Board Treasurer to ensure that donated funds are managed separate from other Association accounts and used in accordance with any dedication or designation associated with the donation.
Annually, the Committee reports a statement showing the donations received, the expenditure of funds, and the balance of designated and non-designate funds in the Friends of Salemtowne account.
Fund Balance as of 12/31/2020:
FOS Category | 12/31/19 Balance | Donation | Distribution | 12/31/20 Balance |
AED | 1,054 | 0 | 0 | 1,054 |
A/V Equipment | 142 | 50 | 0 | 192 |
CERT | 2,827 | 370 | 0 | 3,197 |
Community Sale | 2,093 | 0 | 0 | 2,093 |
Crafts | 25 | 0 | 0 | 25 |
Duplicate Bridge | 140 | 0 | 32 | 108 |
Flags | 34 | 125 | 0 | 159 |
Game Room | 44 | 0 | 0 | 44 |
Garden Bench | 893 | 0 | 858 | 35 |
Garden Club | 1,620 | 0 | 1,620* | 0 |
Golf | 689 | 195 | 0 | 884 |
Golf Course Sand | 1,217 | 0 | 1,217 | 0 |
Halloween Decorations | 0 | 30 | 0 | 30 |
History | 190 | 45 | 0 | 235 |
Landscape-Common Grounds | 251 | 1,895 | 714 | 1,432 |
Library | 20 | 0 | 20 | 0 |
Pickle Ball | 98 | 0 | 0 | 98 |
Practice Tee Maintenance | 380 | 0 | 380* | 0 |
Practice Tee | 0 | 15,885 | 15,494 | 391 |
Quilters | 458 | 0 | 328 | 130 |
Salemtowne Players | 140 | 0 | 0 | 140 |
Vehicle Storage Lot | 827 | 200 | 194 | 833 |
Women’s Club | 0 | 50 | 0 | 50 |
Woodshop | 1,761 | 0 | 150 | 1,611 |
Undesignated | 145 | 25 | 0 | 170 |
TOTAL | $15,048 | $18,870 | $21,007 | $12,911 |
Bank Interest $.65 * = Transferred to other line items