River Ridge CDD reviews unaudited financials, plans $700,000 ICS transfer and readies FY2027 schedule
District staff presented unaudited financial statements as of March 31, 2026; staff said $700,000 will be moved to an Insured Cash Sweep account and a Term Sheet for a proposed $2.5M construction loan (Costs of Issuance $50,000) will be presented at the next meeting; FY2027 proposed budget presentation set for May 26.
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Mrs. Adams presented the unaudited financial statements as of March 31, 2026. Mr. Blumenthal called attention to the benefits of the Insured Cash Sweep (ICS) account, and Mr. Adams said he will transfer $700,000 to the ICS account and look into long‑term certificates of deposit for discussion at the next meeting.
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