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Finance director reports $4.1 million year-end balance for TERS 2; $1.6 million approved for airport marketing
Summary
Finance Director Chance Miller presented the TERS 2 FY 2024–25 annual report, saying the fund closed FY25 at $4,100,000, noting a $1,600,000 airport marketing allocation and projecting a FY26 year-end balance near $5,800,000.
Chance Miller, finance director, presented the TERS 2 fiscal year 2024–25 annual report and summarized the fund’s recent activity and near-term projection.
"Good afternoon. Chance Miller. This is finance director," Miller said before reviewing the slides. He told members the fund "ended fiscal year 25 at 4,100,000," noted the body had "just approve[d] the $1,600,000 for, marketing over at the airport," and added that "right now, we're projecting fiscal year 26 to end around $5,800,000." The Chair asked the presenter to show the fund balance and to go to the last slide for the summary.
The figures presented were delivered as part of a brief staff report; Miller offered to answer questions but no substantive follow-up or requests for additional analysis were recorded in the transcript. The presentation closed with expressions of thanks from the Chair and Miller. No formal policy action or budget amendment was taken during this item.
