Tri-County RPC approves May and June financial reports, signs off on bills
Summary
The Tri-County Regional Planning Commission voted to approve May and June financial statements and authorized payment of bills, noting higher regional program expenses and two large CAP-related invoices that affected cash timing.
The Tri-County Regional Planning Commission voted to approve its May and June financial statements and to pay the bills listed in the meeting packet.
Diane, a staff member who reviewed the statements, said May revenues were at "42.8% of the budget" and that the commission had recorded "a payment for the CAP of almost 370,000." She also warned of timing issues: "We still have an outstanding invoices for the CAP that are pretty hefty, 985,000," and staff said some of that gap is likely due to invoicing overlap. The commission moved and approved both the financial statements and the payments by voice vote.
The packet also highlighted routine professional services and auditor fees as June's largest expense items. Chair members discussed a tentative voluntary pension contribution target of about $67,000 to be considered in September, a decision staff said would depend on mid-year budget positions. Staff noted the Charles Schwab investment account was up about 6.3% year-to-date.
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