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Commission hears cash-balance update; May balance about $274,000
Summary
City finance staff told the Riverfront Improvement Commission the commission's May cash balance is roughly $274,000 and that final fiscal-year numbers will be available in September.
City finance staff told the Riverfront Improvement Commission that the May cash balance available to the commission is about $274,000 and that the accounting close for the fiscal year will produce finalized numbers in September.
Staff said the June balance will mark the end of the fiscal year and that finance expects to have completed, audited figures in about September that will show what cash carries into fiscal 2026. A commissioner asked when the final numbers or a finalized budget would be available; staff replied that completed numbers arrive in September.
No action was taken; the report was provided for information and to help commissioners plan for projects and lease negotiations in the coming fiscal year.
