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Board accepts unaudited Oct. 31 financials; Series 2022A note to prepay bond debt
Summary
River Ridge accepted unaudited financial statements as of Oct. 31, 2024, and noted the Series 2022A note will be closed with funds applied to prepay bond debt; staff will check an omitted Oct. 1 insurance payment from the check register.
Mrs. Adams presented the unaudited financial statements as of Oct. 31, 2024. The minutes record that the Series 2022A note will be closed and the funds will be used to prepay bond debt; no further details on timing or amounts were specified in the minutes.
Supervisor Kurt Blumenthal asked why the Oct. 1 annual insurance payment did not appear in the check register; Mrs. Adams said she would investigate and report her findings back to him at a future meeting. Budget variance tables and a proposed five‑year budget plan (2023–2029) were provided for informational purposes.
