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CFO outlines bills to city, upcoming debt payments and staffing gaps; CliftonLarson audit still pending documents
Summary
CFO Brad Leake told the board March 5 HACM is pursuing city resolution on roughly $1.1 million in pilot payment and about $4.3 million tied to prior payroll coding via the Department of City Development. He warned of near-term pension and debt-service payments and said CliftonLarson has requested documentation to complete its audit.
Brad Leake, HACM chief financial officer, briefed commissioners March 5 on fiscal items the agency is tracking, including outstanding amounts owed to the city, near-term debt obligations, and staffing constraints in the finance function.
Leake said HACM is engaged with the city controller about a roughly $1.1 million PILOT (payment in lieu of taxes) balance and a separate $4.3 million item the agency attributes to employees whose payroll was routed through the Department of City Development. He said the agency has found checks totaling more than $2 million that the city did not deposit and that HUD has recommended…
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