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Lawrence Redevelopment Authority financials reviewed; council seeks invoices and clarity on $2.5M ARPA allocation
Summary
Members of the Budget & Finance committee and LRA leaders met April 28 to review 2024 financial statements and to ask for itemized invoices, job descriptions and a clear accounting of the $2.5 million the council allocated to the redevelopment authority.
Members of the Budget & Finance committee and the Lawrence Redevelopment Authority (LRA) met April 28 to review LRA financial statements and discuss how city funds previously allocated to the authority are being used.
Ernie Sintron of EM Business Solutions, the LRA’s accountant, summarized the authority’s 2024 management report: income around $1,000,082.60 for the year; total expenses of $986,254.19; and net income including interest of $123,612.06. The report lists line items including demolition and remodeling, consultant fees, architectural and legal costs, and a variety of operating expenses.
Councilors repeatedly asked the LRA to provide supporting invoices and documentation for those line items and for any expenditures linked specifically to the $2.5…
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