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EDA reports $401,352.59 in combined funds; SCDP balance $18,615.51
Summary
The Eagle Lake EDA reported total combined balances of $401,352.59, including $46,587.08 in its bank account and $354,768.51 in a 4M investment fund; loan balance and SCDP fund totals were also recorded.
At the July 23 meeting, the Economic Development Authority recorded combined EDA funds totaling $401,352.59. The minutes list $46,587.08 in the EDA bank account and $354,768.51 in the 4M Investment Fund.
Separately, the minutes show a loan balance of $51,727.23 and SCDP funds of $18,615.51. The board moved to accept the treasurer’s report and the motion carried. No further line-item breakdowns or reconciliations were provided in the meeting minutes.
