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EDA finance briefing explains recent property purchase, taxes and accounting entries
Summary
City staff walked EDA members through the authority's trial-balance presentation, explained why some line items appeared in a different color, and described why the recently purchased property generated a separate property‑tax payment due to the closing date.
Dayton City staff used the EDA's April 15 meeting to walk members through the authority's trial-balance report, clarify accounting entries and explain taxes tied to a recently purchased property.
Staff responded after members noted that some line items in the printed trial balance appeared in blue and that a roughly $3,054 accounts‑payable amount appeared to affect cash on hand. Finance staff (Zach) told the EDA that the blue formatting had no accounting significance and likely was a…
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