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Balance-sheet update shows $2.1 million Cash Cap liability accounted for in Consortium statements
Summary
Finance presenter Grace Blowers told the board the Consortium's balance sheet includes a $2.1 million liability related to Cash Cap, which is already reflected in the provided printouts; materials were attached to the minutes.
Grace Blowers presented the Consortium's balance sheet and informed the board that a $2.1 million liability related to Cash Cap is included and already accounted for in the balance-sheet printouts provided to members. The minutes indicate printouts were attached for board review.
The board did not record a formal motion tied specifically to the liability in the minutes; the update was presented as an informational finance item during the May 28 meeting. Board staff listed follow-up and agenda topics for the June meeting, including claims review and the 2027 renewal projection.
