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Authority finance update: available cash, reserves and developer reimbursements discussed
Summary
Board members reviewed cash balances and reserve funds; staff said available cash was $694,000 as of Jan. 31, reserves about $14.5 million, and that recent developer payments have improved the near-term cash position to roughly $1.9 million. The board asked staff to pursue EIFD funds and timely invoicing.
At its March 2 meeting, the Carson Reclamation Authority reviewed monthly reserves and cash flows and discussed how developer reimbursements and special-district mechanisms affect spending authority.
Staff reported available cash of $694,000 as of Jan. 31, 2026, and a balance of reserve funds of about $14.5 million. The executive director explained that the $14.5 million sits in the enterprise fund and is governed by the enterprise fund administration agreement; it is earmarked for operations and…
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