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Vision Fund balance rises about $187,500 after sales-tax allocation, staff says
Summary
City finance staff told the Vision Fund Committee the balance increased roughly $187,500 after sales-tax funding arrived; two recently funded projects reduced notes receivable and two approved applicants remain undrawn.
Eric, the committee’s finance presenter, told the Vision Fund Committee on Jan. 22 that the fund balance is up about $187,500 after the addition of sales-tax funding intended to support economic development partnerships with the Chamber/EDC and the downtowners. "You'll notice the balance is up, about 187,500," Eric said, adding that first-quarter payments to partners have already been made and…
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