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Board approves partial distribution from MMRMA retention fund; staff cites $1.15M balance
Summary
Staff reported the MMRMA retention fund holds $1,150,000 and proposed a distribution to cover purchases including an airboat, keeping a $1,000,000 baseline; the board approved the distribution by voice vote.
A staff member explained the MMRMA retention fund balance and proposed distribution plan. “The MMR MMRMA retention fund has 1,150,000 in it,” the staff member said, and noted that last year $500,000 had been distributed. The staff member said the board previously discussed maintaining a $1,000,000 baseline and proposed using roughly 90% of the current distribution to pay for an airboat, with approximately $10,000 directed toward capital improvements such as a shelter building.
A committee member made a motion to approve the distribution and the board approved it by voice vote with no recorded opposition. The staff member said the distribution would reduce internal fund withdrawals by allocating insurance-retention-related funds to the described capital purposes.
