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EIC finance staff reports March 2025 bond receipts, project expenditures and cash position
Summary
The EIC finance presentation showed March bond and operating activity: roughly $20 million in bond proceeds with about $17 million remaining after March project expenditures, March project spending of $562,000 and an ending cash balance for operating funds of approximately $3.9 million.
Finance staff presented March 2025 financials, summarizing bond proceeds, March project expenditures and operating cash balances.
According to the report, the EIC received $20,000,000 in revenue bond proceeds earlier in the cycle; after March project activity the remaining bond funds were reported as approximately $17,000,007.63. For March 2025 the project expenditures reported were $562,000 (approximately $361,000 for the golf course project, $1,900 for…
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