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Gage Park board reports reserves, new commitments; commissioners hear update
Summary
The Gage Park Improvement Authority told Shawnee County commissioners it has built reserves, commissioned financial reviews and committed funds to park projects while pursuing MOUs and drainage studies; commissioners later entered executive session on wages with no action taken.
The Shawnee County Board of County Commissioners heard a presentation Thursday from the Gage Park Improvement Authority reporting financial reviews, new project commitments and a reserve balance, and later recessed into an executive session on personnel wages that produced no action.
James Martin, vice chairman of the Gage Park Improvement Authority and a county appointee to the board, told commissioners the authority is meeting monthly and has issued its second annual report. "We average a little under $762,000 a month that come in to be distributed" to the three beneficiary entities, Martin said, and the authority retains a five-percent distribution. He said that five-percent share averages about $37,000 per month, or roughly $444,000 a year.
The report explained the authority’s recent steps to strengthen financial controls and plan for future spending. The board completed an external financial review covering 2023 and…
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