Committee reviews interfund loan program; staff proposes five-year standard term and policy clarifications
Staff updated the Finance Committee on outstanding interfund loans, proposed policy revisions and a recommendation that enterprise-fund lending require prior board and council approval. Outstanding interfund loans total about $8.5 million as of April 1, 2025, staff said.
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The Finance Committee received an update May 14 on Riverside’s interfund loan program, outstanding loans and a proposed policy revision to clarify roles, loan terms and approvals.
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