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Committee reviews abatement report: balance $49,750.42, roughly $28,000 expected next April
Summary
The committee noted an abatement fund balance of $49,750.42 and estimated additional receipts of about $28,000 next April; members discussed how proposed spending could reduce the balance to roughly $18,000.
Chair (S2) reported that the 05/26 abatement report has been filed and pointed members to a copy in the meeting packet. "Any balance that we have right now is $49,750.42," S2 said, and added the committee expects to receive about $28,000 next April.
S2 cautioned that if all requested funding is approved, the committee's available balance could fall to approximately $18,000. Members discussed timing for future receipts and said they would monitor the account before authorizing large expenditures.
S2 said staff will continue to track inflows and present recommended allocations in future packets; no new spending decisions were recorded at this meeting.
