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March financial report shows multi‑account balances; staff says $13M sale will appear next month
Summary
URA staff reported March operating balances across accounts and said a planned $13 million transaction will appear as incoming proceeds next month; operating expenses to date and routine departmental payments were reviewed.
URA finance staff presented the March 2025 financial report, summarizing operating cash, revenue and expenses across the authority’s accounts and noting a planned large deposit that staff expects to record next month.
The URA operating checking account ending in 4594 was reported with a beginning balance of $3,704,008.59 and an ending balance of $3,699,009.26. The Kroger account (ending in 4610) and Georgia Fund 1 balances were reviewed in the packet; staff highlighted year‑to‑date investment income of $1,110,009.50 and said the anticipated $13,000,000 transaction would appear in next month’s statement and materially increase holdings.
Operating expense year‑to‑date was shown as $832,761 against a budget of $3,081,050, leaving a budget balance for the year-to-date. Staff reviewed checks and departmental payment reports that accompany bank statements and noted timing differences between system transactions and bank clearing dates are common.
Board members had no questions after the review. Staff said they would include the incoming $13 million sale proceeds on next month’s statements as a reinvestment and that additional supporting documents (copies of checks and departmental reports) are available in the meeting packet.
