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Kerrville EIC hears February financials and project updates; minutes approved unanimously
Summary
EIC reviewed February bond- and operational-financials, heard status updates on multiple capital projects, and approved the February meeting minutes by unanimous voice vote.
The Economic Improvement Corporation reviewed February financial statements and multiple project status updates at its March meeting and approved the previous meeting’s minutes by unanimous voice vote.
Trina presented the February financials, reporting bond fund interest income of $68,006.89 for the month and project disbursements that included $200,002.26 for golf course improvements and $1.22 (transcript shorthand) for Olympic pool activity. She said total project expenses for the month were $347,069 (transcript reported as 347.06 99) and that bond proceeds minus project expenses left about $18.325 million available for remaining project expenses.
On operational finances, Trina said February sales tax receipts were $602,300 (a reported 24% increase over last…
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