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ReConnect financing: county reports $9.2M advances, $17.16M project total and $3.63M county match
Summary
Finance figures for ReConnect were presented: approved advances and work orders total $9,197,994 to date, the project total is $17,159,012 (including a $3,631,625 county match), and an FRS 52 for $89,401 was submitted June 30 and approved.
Jeff Ayers presented the ReConnect financial report to the committee and said the county submitted FRS 52 on June 30 for $89,401; the report was approved. He listed advances, approved work orders, and balances, reporting a total advances-to-date figure of $9,197,994 and noting a balance in the pledged deposit account of $212,801.
Ayers said the Project Total is $17,159,012 which includes a $3,631,625 county match; he described category line items including Make Ready ($3,844,703), Engineering ($1,330,326), Phase 1A ($1,179,033), Phase 1B ($1,724,634) and Phase 2 ($2,438,521). Several invoices are paid and awaiting RUS contract processing; some accounting balances remain under review.
