Board accepts unaudited March financials; staff to explore ICS transfer and construction loan term sheet
The board accepted unaudited financial statements as of March 31, 2026; a district manager agreed to transfer $700,000 to an Insured Cash Sweep account and staff said they will provide a $2.5 million construction loan term sheet at a future meeting.
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District Manager Cleo Adams presented the unaudited financial statements as of March 31, 2026. The Board reviewed budget variances and proposed budget materials. A supervisor noted benefits of the Insured Cash Sweep (ICS) account, and a district manager said he would transfer $700,000 to the ICS account and investigate longer-term certificates of deposit to present at a future meeting.
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