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Committee accepts revolving loan fund update and three finance reports
Summary
The committee approved an update that a revolving-loan balance included payoff of loan #6844 Elm Street and two new loans under MDC; the body also accepted accounts receivable reports and the unaudited monthly financial report for the first month of FY26.
The Committee on Accounts, Enrollment and Revenue Administration voted to accept an update on the city's revolving loan fund and to accept several routine finance reports at a special meeting. Motions to accept the items passed by voice vote with the committee chair calling for ayes.
A staff member updating the committee said a loan — loan number 6844 Elm Street — was paid in full recently and that two new loans (referred to as loans 8 and 9) under MDC were issued this month. The…
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