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Council hears update on city investment pools; members praise improved accountability
Summary
Council member Lindsey reported city investment-pool balances and the chair praised fiscal decisions from last year that members said improved revenue and departmental accountability.
Lindsey reported on the city's investment pools at the meeting, citing totals for the general fund "Techstar" account and the enterprise investment pool. "The general fund, Techstar, we have $1,100,000,979,000 in that investment pool," Lindsey said, and added the enterprise investment pool holds "653,000."
The chair framed the figures as evidence recent fiscal decisions are paying off, saying the measures taken last fiscal year "is going to really help us" and calling the new approach "a good revenue source for us." Council discussion emphasized increased internal accountability and closer departmental oversight as drivers of the improvement. The meeting then moved on to other agenda items and later to executive session.
