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TERS board approves minutes and financial report
Summary
The Tax Reserve Zone No. 1 board approved prior meeting minutes and a fiscal-year 2025 financial report presented by Finance Director Tracy Waldron, who reported an approximate starting fund balance of $5.23 million, roughly $4.7 million in revenues and an ending balance of about $7.5 million; members asked about reimbursements and debt service.
The Tax Reserve Zone No. 1 (TERS) board approved the prior meeting minutes and a fiscal-year 2025 financial report at its October meeting.
Finance Director Tracy Waldron presented a high-level summary of the year’s finances, saying the board began the fiscal year with an approximate fund balance of $5.23 million, received about $4.7 million in revenues after administrative and service fees and…
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