San Angelo DevCorp removes previously recorded disbursement from May list after staff clarification
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Summary
Board members pulled a disbursement from the May check list after staff explained the item was accrued in March and the cash payment cleared in April; the board approved the remaining disbursements after removing the listed item.
The City of San Angelo Development Corporation on May 28 removed one item from its May disbursement list after staff explained the transaction had been accrued in March but paid in April.
At the start of the consent agenda, a director asked to pull the necessary corporation disbursement for discussion. Staff explained that the transaction had been accrued on the March financial statements (recorded as an accounts payable and expense) and that the cash check was issued in April, which is why it appears in April disbursements rather than March. The director said he was seeing the item listed again in May and asked whether it should be on this month’s disbursement list; staff confirmed it should not.
The board agreed to remove the item from the May disbursements. A subsequent motion to approve the remaining consent items, excluding that line, passed. Tina, city staff, said no additional check had been issued and that the paper trail would be clarified in the packet going forward.
Board members did not request further action beyond correcting the disbursement listing and recording the clarification in the minutes.
