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Administrator: RDA finances steady, roughly $177,000 in unrestricted funds
Summary
Administrator Rindy reported no major changes since November, a late invoice to vendor Vierbicker, recent reimbursements for the housing improvement program, and about $177,000 in unrestricted funds; an additional "120" will be reflected after a city journal entry (unit not specified in the transcript).
Administrator Rindy summarized the RDA's financial position, saying there were no significant changes since the November meeting, one late invoice from vendor Vierbicker for 2024 services, and recent reimbursements for the housing improvement program.
Rindy said, "the rebalance remaining, you're purely to the unrestricted funds at this point, of $177,000 just a little over that." Rindy also noted that a city journal entry will record an additional "120" that will be reflected as revenue; the transcript does not specify the unit for that figure. The report was included in the meeting packet and no board questions changed the summary financial position.
