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El Paso Water presents Q1 drainage-fee report; board seeks short-term forecast
Summary
El Paso Water Real Estate Manager Jonathan Pershall reported a $4.47 million quarter-end cash balance in the drainage utility fund and agreed to provide a near-term revenue forecast to the Open Space Advisory Board.
El Paso Water Real Estate Manager Jonathan Pershall told the Open Space Advisory Board that the drainage-utility fund ended the quarter with $4,472,085 in cash after allocations and expenses.
The presentation outlined the fund’s starting balance, a 10% allocation transfer and quarterly expenses. Pershall said the quarter began with a $3,391,277 balance, included an allocation of $1,000,070 from the 10% fund and recorded total expenses of $36,124, yielding the reported quarter-end total.
Board members pressed staff for more…
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