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Windcrest EDC reports $1.12 million cash position, audit savings and near‑term investment review
Summary
Esther Troy, presenting the EDC financial report covering the first three months of fiscal 2025 (Oct. 1–Dec. 31, 2024), told the board the organization maintains a strong cash position of roughly $1.25 million including a separate account.
Esther Troy, presenting the EDC financial report covering the first three months of fiscal 2025 (Oct. 1–Dec. 31, 2024), told the board the organization maintains a strong cash position. Troy said the bank total showed $1,120,096 in operating accounts and that adding roughly $130,000 in a separate First Public account yields approximately $1,250,000 in total cash.
Troy reviewed headline figures from the December financial statements: December expenditures for the month totaled $35,483 and the three‑month total expenditures were $99,995, which she said is below the adopted FY25 budget. She identified legal expenses of $19,250 that exceeded the budget by $9,250 and attributed that to ongoing real‑estate work on access and easements.…
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