Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
KRTA reports year-end deficit; board approves treasurer's report and invoice
Summary
The board reviewed the treasurer's report showing a reported deficit of $27,815.66, noted a fund balance cited as $152,595, approved the treasurer's report and a $2,000 invoice for log removal at the Merrick Street crossing, and recorded that maintenance work is minimal due to tight funds.
At the meeting, the treasurer presented year-end financial results and line-item details. The transcript records a reported deficit of $27,815.66 and a cited fund balance of $152,595; the revenue line in the record is garbled in the transcript and the board did not restate a clear revenue number during discussion.
Speaker 2 noted invoices paid for Insignia Graphics related to travel marketing that will come out of the fund balance. After questions from members about the figures, a motion to approve the treasurer's report was made, supported and carried by roll-call vote with assent from Member Elliott, Hawkins, Kane, Gilmore and Chair Steele.
The board then discussed an approximately $2,000 invoice for removal of logs at the Merrick Street crossing. Jason (maintenance staff) confirmed the crew had worked "a little less than half a day" at that location and that the assessment matched the billed work. The invoice motion was made, supported and carried on roll call.
Jason provided a brief maintenance update later in the meeting, reporting work limited to snow and ice management and some vegetation and aerial assessments; he recommended waiting until the next meeting to authorize additional work given tight funds.
The board recorded these routine approvals as part of its consent and operational items; no additional budget reallocations or emergency funding actions were taken during the meeting.
