Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Richland CFO: district improved cash-on-hand but still far from target; framework due in January
Summary
CFO Travis Belisle told the board the district closed fiscal 24-25 with days-cash on hand rising to about 4.82, a net gain for the year, and outlined a goal to reach 30 days and an 8% fund balance by 2030; board members praised clearer financial reporting and asked for further details on capital availability.
Travis Belisle, the district's executive director of finance, presented year-end fiscal data at the Dec. 9 board meeting and said the district is making gradual progress toward rebuilding reserves after several tight years.
"We started the year at 2.08 days cash and ended at 4.82," Belisle said, noting the figure shows improvement but remains far short of a healthy target. He told the board a reasonable near-term goal is 30 days…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
