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CEDC approves FY2023–2024 year-end report showing $939,000 in bank accounts
Summary
The Cameron EDC closed FY 2023–2024 with $939,000 in CDs and checking combined and a P&L that came in $27,434 under budget; the board approved the year-end reports unanimously.
Board members reviewed the FY 2023–2024 year-end financial reports and were told the EDC ended the year with "$939,000 in the bank in both CD and the checking account." The P&L Budget vs. actual for the year was $27,434 under budget. The list of bank transactions matched prior reviews.
Nilesh Bhakta moved to approve the FY2023–2024 financial reports; Kyle Deal seconded and the motion carried 7–0. The board recorded no change in assets and noted liabilities remained consistent.
