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East Naples Bay members press for clearer budget reconciliation, ask finance to brief board in June
Summary
Members reviewed invoices and outstanding contract balances, debated whether to accelerate repayment of a $3.2M loan to the city, and asked the city finance representative to appear at the June meeting to present a reconciliation and repayment options.
Board members pushed for clearer financial reconciliation as the dredging project nears completion, asking the city finance representative to attend the June meeting to explain outstanding balances and repayment options.
During the budget review staff said the Stantec authorization is $2,110,303 with bill-to-date of roughly $1.94 million, leaving an approximate remaining authorization of about…
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