Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
MDD hears quarterly investment report projecting roughly $4.4 million fund balance
Summary
The MDD board reviewed its quarterly investment report for the period ending March 31, hearing projections for an ending fund balance of about $4.4 million, $50,000 reserved for operations and roughly $4.359 million available for projects; the board endorsed maintaining a conservative investment stance.
The Municipal Development District (MDD) board on its April regular meeting heard a quarterly financial and investment report showing a projected ending fund balance of about $4.4 million for the fiscal year.
The district's finance presenter said, "Approximately $205,000 in sales tax, and we accrued an additional $102,000 for February and March sales," adding that year‑to‑date interest earnings totaled about $75,000 and year‑to‑date expenditures were just over $38,000. The presenter said the total investment portfolio was…
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
