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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 investment account to the operating account to cover immediate needs and that the organization processed an $80,000 check run tied to an unusually large annual insurance bill and repair work. "We are seeing now a significant decrease in cash throughout March," Gardner said, and he urged the authority to avoid nonessential spending until revenue from opening season returns.
Gardner also outlined the calendar for the FY26–27 budget: staff will receive templates and files for departmental numbers, and Gardner expects to present the full budget at the May authority meeting with possible approval in May or June. He said he will circulate the requested breakdown of annual passholder categories to members by email.
No formal budget vote was taken at the meeting. Members asked follow-up questions about when new lease payments (for carts) begin and about the timing of capital work (bunkers were noted as completed as part of earlier capital efforts).
