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Measure R oversight panel reviews year-to-date finances, project obligations
Summary
Committee members reviewed a year-to-date Measure R financial report and a summary spreadsheet of obligated funds, noting capital project timing and a projected fund balance that staff said can cover current commitments.
Committee members of the Del Norte County Measure R Oversight Committee reviewed the year-to-date financial report and a summary of obligated Measure R funds during their meeting.
The committee was told that fiscal-year revenue was projected at $1,700,000 while obligations on the books total about $2,396,000, a gap driven largely by capital project commitments. County staff said that when capital projects…
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