Cache County auditors warn CIP deficits and potential draw on reserves
Auditor Matt Funk said the Capital Improvement Fund could draw down about $2 million from a $3.6 million start balance and projected unrestricted General Fund reserves could fall to about $20 million if fire-district setup costs of $4 million occur.
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Auditor Matt Funk told council members the Capital Improvement Fund faces a potential $2 million drawdown from a $3.6 million starting balance if current CIP requests proceed. "The Capital Improvement Fund start balance of $3.6 million would draw down $2 million without new allocations," Funk said, noting multiple capital pressures.
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