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RDC staff reports consolidated TIF rose to $39.8M; RDC fund and pro-TIF balances reported
Summary
A staff member reported fund balances: RDC fund $1,475,935; consolidated TIF $39,800,000 (up from $27,000,000 after the spring settlement); pro TIF $833,000; Meridian TIF balance remains $0. Staff said they are working with the assessor and auditor to resolve long-standing issues in the spider/meridian TIF.
At the July 20 meeting the staff member delivering the treasurer's report provided current fund balances and described ongoing reconciliation work with county offices.
The staff member reported the RDC fund (account 25.19) at $1,475,935 and said consolidated TIF is at $39,800,000, an increase from $27,000,000 after the spring settlement. The pro TIF balance was reported at $833,000; the Meridian ("spider") TIF remains at a fund balance of $0. The staff member said they had contacted the former controller and are working with the assessor's and auditor's offices to sort out discrepancies that go back years, characterizing the situation as "a mess."
Commissioners asked for number clarifications (one confirmed the pro-TIF figure as $833,000) and staff said a formal RDC project-status report will be available at the next meeting. The treasurer's figures will inform upcoming budget and project decisions tied to TIF funding and capital improvements.
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