Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
District reports healthy cash position, may not need interim borrowing
Summary
Staff reported the district is on track to end the fiscal year above its $2,000,000 target and noted roughly $3,000,000 currently in the bank, a position that may eliminate the need for interim borrowing.
The agency official delivered a cash-flow update, saying the district is "looking really good to end the fiscal year, with still over that 2,000,000 mark," and reported the district currently has ``right around 3,000,000 in the bank." The official said this was the target discussed with the commissioners and expressed satisfaction that the district is likely to meet or exceed it.
Board members commended staff for the effort to address prior deficiencies. The official said this position should help the district absorb the anticipated tax drop in January and could avoid using interim borrowing; board members expressed support for continuing prudent fiscal management.
