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Finance manager: authority ready for changing fiscal conditions; ARPA spend reaches $6.4M
Summary
Finance Manager Jamie Scherich told the board the authority is prepared for changing fiscal conditions, reviewed recent changes in assets and liabilities, and reported ARPA spending totaling $6.4 million.
Jamie Scherich, Finance Manager, presented the financial report and asked the board to approve the prior month's financial statements.
Scherich said the authority is prepared for changing fiscal conditions in the near term, reviewed changes in assets and liabilities over the past month, and went over the profit-and-loss statement and budget‑vs‑actual income and expenses. He also reviewed upcoming costs and receivables and reported that ARPA total spend has reached $6.4 million.
A motion to approve the prior month's financials was made by Brian Merdian and seconded by Matthew Helinski; the motion was recorded as carried unanimously in the minutes. The minutes do not include a roll‑call tally of individual member votes.
