Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Diversion Authority finance committee approves bills, hears cash-budget update showing $321.9 million net position
Summary
The Diversion Authority Finance Committee on Feb. 26 approved bills totaling about $2.8 million and heard a cash-budget update showing a net position of $321,945,635 and ongoing legacy bond draws that leave roughly $60.6 million in that fund.
The Diversion Authority Finance Committee approved routine bills totaling about $2.8 million and accepted a finance report showing a net position of $321,945,635 as of January 2025.
The net position figure was presented by Susan Thompson, who told the committee the authority’s assets are “primarily cash,” totaling $321,981,885 with liabilities of about $36,250, producing the reported net position. The bills list (through Feb. 19) includes roughly one large land purchase, some property-tax payments and reimbursements to the…
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
