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Fernley treasurer reports strong cash position, says ARPA nearly expended as CRC bills arrive
Summary
City Treasurer Robert Carson told the council the city had about $108 million in cash and investments through March 31, that ARPA funds are almost fully spent and future CRC construction bills will be paid from other funds; council will discuss a water rate study during upcoming budget sessions.
City Treasurer Robert Carson presented the unaudited quarterly financial report to the Fernley City Council, saying the city's combined cash and investments stood at roughly $108,000,000 through March 31.
Carson said the city maintains about $4.5 million in checking for daily operations, just under $19 million invested with the state and $85,000,000 in a longer-term investment account. He said investment…
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