[FINANCE] Financial Report for the 54th Cosa

[Miestră Schivă, UrN]

In accordance with El Lexhatx D.2.8.1.2 as it currently exists:

2.8.1.2. The Finance Minister with the assistance of the Burgermeister of Inland Revenue shall deliver a Financial Report at the end of each Cosa term. This Report shall be required to contain the following information: (38RZ15)

                2.8.1.2.1. the amount, location, liquidity, and availability of all funds held by or for the Royal Treasury,

                2.8.1.2.2. a detailed list of all changes in the account balances of the Royal Treasury since the last Report,

                2.8.1.2.3. a balance sheet which clearly lists all expenses linking them to the relative sheet items in the budget bills approved in the Cosa,

                2.8.1.2.4. the investment policy that is will be pursued by the Ministry of Finance for any amount of the Treasury that has been budgeted by the Ziu for use in investment,

                2.8.1.2.5. the current valuation of the louis with respect to other foreign currency,

                2.8.1.2.6. the total amount of louise and postal items in circulation.

I present the following Financial Report from the Burgermeister of Internal Revenue.



Funds:
$1,072.72 Kingdom of Talossa savings account, held in trust by Burgermeister of Inland Revenue Istefan Perþonest.
$   39.37 Kingdom of Talossa checking account, held in trust by Burgermeister of Inland Revenue Istefan Perþonest.
$   53.25 Kingdom of Talossa PayPal account for online transactions (treasury@talossa.com)
-----------
$1,165.34 Total Funds balance

Non-cash assets:
$329.00 Nominal value of 658 0¤20 stamps in circulation
$921.00 Nominal value of 1,842 unsold 0¤20 stamps held by Burgermeister of Inland Revenue
$802.50 Nominal value of 107 ℓ5 coins in circulation
$1,695.00 Nominal value of 226 unsold ℓ5 coins held by Burgermeister of Inland Revenue

Changes to total treasury balance since January 12, 2020
$1,169.06 Total funds balance, January 12, 2020

    $2.50 Sale of 4 stamps
   -$0.18 PayPal Fee
   
   $10.00 Party Registration Fee
   -$0.70 PayPal Fee
   
    $5.00 Donation in lieu of Senate fee
   -$0.38 PayPal Fee
   
    $5.00 Donation
   -$0.38 PayPal Fee
   
   $10.00 Party Registration Fee
   
  -$69.20 Payment for Webhosting (as provided for in the 54th Cosă Budget)
 
    $1.50 Sale of 2 stamps
   -$0.13 PayPal Fee

   $10.00 Party Registration Fee
   -$0.55 PayPal Fee
   
   $10.50 Sale of 2 ℓcoins
   -$0.58 PayPal Fee
   
    $5.00 Donation
   -$0.30 PayPal Fee
   
   -$1.65 Cost of postage for stamp and coin sales
    $1.65 Donation of cost of postage for stamp and coin sales.

$ 0.00 Cumulative interest paid on checking account
$ 9.18 Cumulative interest paid on savings account
---------
$1165.34 Total Funds balance, September 25, 2020.




FURTHERMORE, as of September 27 2020, the current value of the Louis against other currencies is as follows:

United States Dollar   USD   1.50
Canadian Dollar           CAD         2.01
Euro                           EUR   1.29
Pound Sterling           GBP        1.18
Swiss Franc                   CHF   1.39
Australian Dollar           AUD   2.13
New Zealand Dollar    NZD   2.29
Japanese Yen                   JPY       158.31
Chinese Yuan                   RMB      10.23
Saudi Riyal                 SAR   5.62
Mexican Peso            MXN   33.52
South Korean Won          KRW    1762.41

Investment Policy
FURTHERMORE, His Majesty's Government hereby directs the Burgermeister of Inland Revenue to invest all held funds into an interest-bearing savings account unless or until otherwise directed or advised by act of the Ziu.