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Resident presses county on investment totals and unexplained $1M drop
Summary
A resident asked the board to reconcile apparent differences in reported investment totals, citing prior auditor figures and asking whether funds held by the LRA/IDA explain a $1 million gap.
During general delegations resident Sonny Abbott asked the board to explain discrepancies in reported investment totals and reserves. Citing figures in the meeting materials (investments listed at $15.5 million the previous month and $14.5 million this month) and recalling an auditor statement of $22.5 million, Abbott asked "where the million dollars went" and whether the LRA or IDA held funds outside the county's reported investments.
Board members acknowledged the question and offered to follow up. The county administrator and staff committed to provide additional detail and said they would seek answers for Mr. Abbott, who said he would welcome a reply at this meeting or at a later date.
