§ 4105 Harbor Fund Financial Reports

• •A report must be made twice a year.
• •The report must list the fund’s starting balance.
• •All donations and why they were given must be listed.
• •All spending and why it was done must be listed.
• •The report must show the remaining balance.

The Harbor Commission meets twice a year and sends a report to the board that lists the fund’s opening balance, each donation it received and why, each expense it paid and why, and the ending balance.

The report follows the rule by breaking down the money: start amount, donations with purpose, spending with purpose, and the final amount left.