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Engineering firm merger announced; mutual cash balance reported at about $484,000
Summary
The general manager told the board that firm M and S is merging with BKF to expand coastal coverage and reported a mutual cash balance of roughly $484,000 before paying current bills; staff said the board should be able to cover immediate contracts with careful budgeting.
General Manager (S3) informed the board that engineering firm M and S is merging with BKF, which will broaden the firms' coastal coverage and potentially affect where work is staffed. He also reviewed the district's current cash position, reporting a mutual cash balance of about $484,000 prior to this months bills.
"Currently shows about $484,000 that was prior to this month's bills being paid," General Manager (S3) said, adding that the balance should be sufficient to cover the Wall Scribe contract and likely allow the board to fund an assessment engineer if they choose, but cautioned it would be tight. There was no vote or contract authorization tied to the merger announcement at the meeting.
Board members noted budget constraints and encouraged careful monitoring as grant applications and construction planning continue.
