Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance committee reviews $5.97 million December transfer, delayed reimbursements and bond planning
Summary
Treasurer's report showed a December transfer of $5,973,093.72 to special revenue, delayed state nutrition reimbursements, investment opportunities tied to possible bond proceeds, and a planned $6 million defeasance to save interest.
Lee's Summit R-VII's finance committee heard a treasurer's report that included the district's December transfer to special revenue, an update on revenue timing and delayed state reimbursements, a planned defeasance for interest savings, and how the district would handle bond proceeds if the April bond election succeeds.
"Our transfer from the general fund to our special revenue fund for December, is $5,973,093.72," Mr. Holder, the district treasurer, told the committee. He described December as a typical month for transfers and noted weekly county collections affect timing. Holder…
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
