The City of Panama City Community Fund Board of Directors convened on April 15, 2025, to address several key agenda items, including financial reports and expenditure approvals. The meeting commenced with the approval of the previous meeting's minutes, which passed unanimously with a 4-0 vote.

Following the approval of minutes, the board opened the floor for audience participation. However, no members of the public chose to speak, leading to the closure of this segment.

The board then moved on to the quarterly financial reports. A motion was made and seconded to approve these reports, which also passed with a unanimous vote of 4-0.

Next, the board considered the ratification of an expenditure totaling $183.75 to reimburse the city attorney's office for fees related to filing annual reports for the years 2022, 2023, and 2024. This expenditure was necessary for compliance as a not-for-profit organization. The motion to ratify this expenditure was approved unanimously.

The meeting continued with a discussion on the ratification of expenditures amounting to $7,900 for the first progress bill for the annual independent audit and $4,560 for accounting services. These services were essential for maintaining the fund's financial integrity and reinstating its not-for-profit status. After a brief discussion regarding the potential for additional progress bills, the board approved the expenditures with another unanimous vote.

In conclusion, all agenda items were addressed efficiently, with each motion passing without opposition. The meeting highlighted the board's commitment to financial transparency and compliance, ensuring the Panama City Community Fund continues to operate effectively.