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Idaho Falls presents fiscal year‑end report: cash balances higher, ARPA nearly spent
Summary
City staff told the council that overall cash balances rose over the last four years driven by utility timing and impact fees, reported near‑exhaustion of ARPA funds, and outlined investment, debt‑service and budget‑to‑actual variances.
City of Idaho Falls staff presented preliminary fiscal year‑end figures and answered council questions about cash balances, investments and department variances. The presentation attributed much of the four‑year increase in cash balances to timing around Idaho Falls Power construction and bond drawdowns plus accumulation of impact fees for capital projects. Councilors were told staff will provide an annual report enumerating impact‑fee projects.Mark Caddo, identified in the meeting materials as the city treasurer, described the city’s investment approach as prioritizing safety, then liquidity, then yield, and said the portfolio is diversified across treasuries, agency securities,…
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