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Fort Gillem URA reviews December finances; agenda and minutes approved
Summary
The Fort Gillem Urban Redevelopment Authority received a December financial update showing low year‑to‑date spending against budget and approved routine meeting housekeeping items. Staff noted bank‑account changes in Georgia Fund holdings and listed vendor payments.
The Fort Gillem Urban Redevelopment Authority reviewed its December financial report, heard a summary of bank balances and year‑to‑date operating expenses, and approved routine meeting items including the meeting agenda and the December 12, 2024 minutes.
On the financial report, staff presented operating cash balances across two primary checking accounts and Georgia Fund holdings. Staff reported an ending balance of about $3.77 million in an Army‑linked account and roughly $471,000 in a Kroger checking account; the Georgia Fund holdings were shown and staff said they would move a specified portion of principal into a newly created Georgia Fund sub‑account. Staff reported year‑to‑date operating expense at about 12% of budget and noted professional services and vendor payments on the departmental payment report, including checks to Piper Sanders, BrightView Landscape and Grounded Engineering.
Board action and housekeeping: The authority voted to approve the meeting agenda (motion and second on the record; “All in favor, aye”) and to approve the December 12, 2024 meeting minutes (moved by Miss Julio, seconded by Mister Wilson; “All in favor, aye”). At the meeting’s close, Miss Julio moved to adjourn and the motion carried by voice vote.
Follow‑ups and clarifications: Staff said the Georgia Fund account balances will change on the next statement when a planned transfer is posted. A board member asked whether the revenue/expense report was fiscal year or calendar year; staff confirmed the report is fiscal year (July–June). Staff said they will check an instance where a vendor name in the backup did not match the check payee and will reconcile that in the records.
Ending: The authority adjourned after receiving the financial update and agreeing to return the OASIS contract resolution and Stevens Lake follow‑ups at the next meeting.
