Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finances topic
No spam. Unsubscribe anytime.
Redevelopment authority reviews finances; staff reports roughly $170,000 available for projects
Summary
Staff told the Appleton Redevelopment Authority that its financial statements show roughly $207,000 in total funds (formatting in transcript unclear), including proceeds from the sale of 222 North Oneida Street; after a recent $7,000 grant and other considerations, members said about $170,000 remains available for ARA use.
Staff presented the authority's latest financial statements and a running balance the packet listed at about $207,000. Staff noted that figure includes proceeds from the sale of 222 North Oneida Street and that she had approved a $7,000 business enhancement grant from the account.
"We worked with our finance director... it shows that we have a balance of about $207,000," the staff member said, adding that the statement includes the sale proceeds for 222 North Oneida Street. Board members and staff then discussed how recent approvals and reservations affect available funds.
One board member asked whether the audited/unaudited attachments showed land held for resale and whether the book value reflected that 222 North Oneida asset. The staff and clerk walked members through the attachments and confirmed the sale was included in the reported balance.
Board discussion indicated that, after accounting for the recent $7,000 business enhancement grant and other obligations, there was "about $170,000" available for ARA projects. Staff did not present a formal amended budget or a line-item reconciliation during the meeting.
The authority approved the minutes and continued to the agenda; no formal vote tally was recorded in the transcript for the financial items. The board asked staff to bring clearer reconciliations or supporting documentation if members want a detailed breakdown in a future packet.
