Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Forest Park DDA reviews financial report; board discusses consolidating Main Street account into Georgia Fund 1
Summary
The DDA heard a detailed financial report showing operating cash and account balances and discussed whether to collapse a separate Main Street account into an investment fund (Georgia Fund 1) to earn higher interest.
The Forest Park Downtown Development Authority received a monthly financial report on Thursday showing operating cash balances across multiple accounts and a recommendation to review whether to consolidate accounts into Georgia Fund 1.
Finance presenter Mr. Wiggins told the board the DDA has three bank accounts with a beginning combined balance of $7,039,003.34 and an ending balance of $2,914,009.62 after deposits and withdrawals. He reported…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
