Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Development Authority reviews August financials; EDIP activity highlighted
Summary
The authority reviewed August 2025 financial statements showing an operating account ending balance of $7.11 million, multiple construction draw payments, and EDIP/EDI grant activity including a $19.8 million reported capital spend with partial reimbursement. Staff invited questions; no changes to recommended allocations were made.
The Development Authority received a detailed accounting of August 2025 finances on Tuesday, with staff reporting operating and project account activity and updates on EDIP/EDI appropriations.
Howie, the finance presenter, said the authority's operating account began August with $7,105,813 and closed the month with an ending balance of $7,114,808 after routine receipts and disbursements. Receipts included an industrial revenue bond administration fee paid by Virginia Wesleyan University, split payments…
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
