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OTIC financials; Mike Drennan: Drennan reviewed and highlighted selected areas of the balance sheet and results os operations for the 13-months of the biennium that ended August 31, 2010. The finance committee is keeping a close eye on the cash-position, as it was lowered last month. Accounts receivables are improving due to a seriously delinquent account coming current. OTIC is current on all accounts payable. Total equity is good, as is OTIC debt-to-income ratio. The finance committee reviews the contractor services costs at each of its meetings.
Download the full Baker City, Oregon meeting minutes from September 30, 2010 in PDF format for review: Sept 30 2010 council meeting minutes