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Board of Trustees approves annual budget; board reviews apparent IRS revocation letter
Summary
The Board of Trustees approved the fiscal year budget after a presentation showing no new line items and an $83 million cash position; a board member reported the organization received an apparent IRS revocation letter, which the board says appears to be an administrative error under review.
The Board of Trustees approved its proposed annual budget on April 29 after a brief review that showed no new line items and only adjustments to distributions from the city and anticipated payments from MTE.
At the meeting, Mr. Tindall presented the budget and noted the materials were included in the board book and that the plan was "pretty…
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