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CEDC approves Oct. 31 financial statement showing $850,732 in CDs
Summary
The Cameron EDC approved the October 31, 2024 financial report showing $850,732 in certificates of deposit, $78,000 in checking, and long-term liabilities of $705,000; the board also discussed holiday lighting electricity costs.
Secretary Mike Zajicek reviewed the organization's October 31, 2024 financials and reported that "there is $850,732 in CDs with $78,000 in the checking account," and that long-term liabilities remain $705,000. The board discussed the P&L (one month of data) and flagged airshow-related bills appearing in the October statement.
Mayor Nathan Fuchs moved to approve the current financials; Kyle Deal seconded. The motion carried 7–0. City Manager Ricky Tow told the board the city will track Christmas light electricity costs this year and said it "costs about $120 per week for electricity."
