Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Baker Tilly: $5.2M ending cash balance; theater roof unknowns may trigger reappropriation or encumbrance
Summary
Baker Tilly reported an ending June cash balance just over $5.2 million and an available balance of about $4.7 million; committee members said uncertainty over the Indiana Theater roof estimate could require a reappropriation and discussed encumbering 2025 funds if an invoice is available by October or November.
Kyle from Baker Tilly told the finance committee that the community investment board’s ending cash balance in June was just over $5,200,000, with roughly $4,700,000 available, and that the board received a $250,000 contribution from Citi in June. Kyle said the bond payment was made in July and that Baker Tilly prepared a month‑by‑month 2026 breakdown that uses Oakview’s budget in arrears and assumes a 10% inflation factor in many expense buckets and a 3% increase in insurance premiums.
Kyle…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
