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CVTA staff reports progress on working capital reserve, interest earnings ahead of FY24
5335058 · March 29, 2025
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Summary
CBTA staff reported the authority's working capital reserve is growing toward its $18 million goal and that interest earnings for FY25 are above FY24 levels, with November tax receipts showing an uptick.
At the March 28 meeting staff provided the authority with regular finance and investment updates showing progress toward the authority’s working capital reserve target and stronger interest earnings year to date.
"Our required amount to our goal for the working capital…
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