An authority meeting in St. Joseph County on Dec. 16 approved Resolution 2025-20 and recorded a series of year-end appropriations and reductions across redevelopment and economic development accounts.

Unidentified Speaker 2, who presented the monthly financial packet for November, told the group the authority recorded roughly $5.8 million in TIF revenue for 2025 compared with a $5.4 million projection and reported about $21 million in cash on hand, including $185,000 in open purchase orders. The presenter said about $8.8 million remained unappropriated and staff were asking to appropriate roughly $6 million of that total to cover reimbursements and grant tranches.

The presentation called out approximately $22 million in Amazon (AWS) reimbursements that were returned to paying funds and several specific fund adjustments. For the Wyatt fund, staff noted $281,000 in cash on hand against a $313,000 appropriation and recommended reducing the appropriation by $131,000 because no expenditures are planned in the immediate term. New Carlisle EDA 1 was reported to be returning about $3.7 million in allocation with $2.0–$2.6 million in cash available and staff requested an additional $1.6 million appropriation. Staff also asked for an $856,000 appropriation in New Carlisle EDA 2 to reflect $3.1 million in expected reimbursements.

Other adjustments included a reduction in allocation area 3 after collections there came in below plan (roughly $96,090 collected vs. about $105,000 planned), appropriations for AM General (ending balance reported about $1.8 million with $165,000 in open purchase orders) and a $250,000 appropriation request for that fund, and an appropriation of $229,250 to the redevelopment general fund leaving about $300,000 unappropriated.

Unidentified Speaker 2 also explained the use of the GM Lehi fund to receive industrial development grant (IDGF) milestone reimbursements for design and right-of-way purchases tied to the acceleration/deceleration lane work; the IEDC milestone grant was described as reimbursement-based with up to $3 million authorized and about $1.6 million remaining in milestone reimbursements.

A commissioner asked whether any of these items posed near-term concerns into January. Unidentified Speaker 2 replied the operation would continue to run tight and that staff would rely on submitting invoices and receiving reimbursements to maintain cash flow until the June settlement. During the discussion one attendee observed, “We’re in the red,” attributed in the record to Unidentified Speaker 3.

A motion was made and seconded to approve Resolution 2025-20; roll-call replies recorded 'Aye' from Volker, Fox, Jerome and the chair, and the meeting record treated the motion as carried.

The meeting record indicates staff will return in January with 2026 appropriation requests and that the authority will continue managing reimbursements and invoice flows to cover near-term obligations.