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CDD discusses using Fund Balance, invoicing, and budget programming to fund eligible work
Summary
Staff told the Board the district could fund CDD‑eligible infrastructure from unassigned Fund Balance rather than borrowing, but recommended programming modest budget increases over five years to replenish reserves if Fund Balance is used.
Staff discussed procedural and budgetary mechanisms the CDD would use if it funds eligible portions of the HPCA project. Chuck Adams explained invoices would be received by the district, the District Engineer would certify CDD‑eligible items, and staff could fund the work from unassigned Fund Balance rather than taking a loan.
Adams recommended "programming a modest increase into the budgets over the next five years to rebuild Fund Balance" if the district used reserves. The Board also discussed how funding decisions could affect the district's readiness for a disaster (with most exposure cited as vegetation within natural areas) and emphasized the need for clear fiscal controls and certified invoices before making any appropriation.
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