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Chair asks staff for fund-by-fund breakdown of pooled and CIP balances
Summary
Committee chair requested clearer reporting separating CIP funds from pooled balances; staff agreed to provide a fund-level breakdown and noted some pools are presented together for overview purposes.
The committee chair asked staff to clarify how much of the reported portfolio is actually liquid and how much is already allocated to capital projects.
“You mentioned that we have 31,000,000 allocated for CIP projects that is part of the $278,000,000. So should that be shown in a separate entry or is that...,” the chair asked, seeking a clearer presentation of liquid versus earmarked funds.
Kelly replied that CIP and other pools are kept separately in accounting but were presented together for this overview. She offered to prepare a breakdown by fund or by pool to show which amounts are specific to bond funds, CIP, and other accounts.
The committee accepted the offer as a follow-up request; no formal vote was taken.
