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Controller warns of short-term cash strain as budget work begins
Summary
Controller Mark Gardner said February net operating income roughly broke even but cash dipped in March after a large insurance bill and repairs. He transferred $55,000 from an investment account and ran an $80,000 check run; the authority was urged to avoid short-term overspending while revenue ramps up with the season.
Controller Mark Gardner told the Oak Hills Park Authority on March 19 that while year-to-date net operating income remains about $183,000 over budget, the authority is experiencing short-term cash pressure as seasonal revenues lag and large bills fell due in March.
Gardner said he moved $55,000 from the authority's…
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