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Agency reports $28.8 million estimated capital balance, highlights $5.8 million pending capital revenue
Summary
Finance staff presented the monthly financial report through February: estimated total capital balance about $28.8 million, with $5.8 million in pending capital revenue and about $3.7 million paid capital expenditures through February. Agency met debt-service obligations; next payment due in October is about $4.4 million.
The Sutter Butte Flood Control Agency's finance staff presented the monthly financial report through the end of February at the April 9 meeting.
Sean (last name not specified in transcript) told the board the agency's ending capital balance through February was about $24.5 million and was estimated at about $28.8 million as of the date of the report. He said estimated operating revenue received for the operational fund included $750,000 already received that maximized the current budgeted amount.
Key figures presented - Ending capital balance through end of February: about $24.5…
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