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Board reviews unaudited Oct. 31 financials; Series 2022A note to be closed and prepaid
Summary
The Board accepted unaudited financial statements as of Oct. 31, 2024, and the minutes state the Series 2022A note will be closed with funds applied to prepay bond debt. A missing Oct. 1 insurance payment in the check register was noted and staff will report back.
Mrs. Adams presented the unaudited financial statements as of Oct. 31, 2024. The minutes state that the Series 2022A note will be closed and funds applied to prepay bond debt; no further detail on the timing or source of funds is provided in the minutes.
During review, Mr. Blumenthal asked why the Oct. 1 annual insurance payment was not listed in the check register. Mrs. Adams said she would investigate and report her findings to Mr. Blumenthal at a future meeting. The minutes do not specify the outcome of that inquiry.
