I call the meeting to order this is Debbie Dutton um Pledge of Allegiance I pledge aliance to the flag of the United States of America and to the Republic for it stands one nation under God indivisible Li and justice for
roll call I'm here Mike yes ma'am Jack here Barbara here Dave here Scott here Joe here uh would somebody like to any discussion on the minutes okay somebody like to move to
approve them I'll do that second second it all right all in favor all right okay all right approved by everyone uh public comment
okay I have to bribe people to come to our finance director's report okay good morning everyone um well the first item on my report unfortunately is to let you know that the new senior accountant that we had just hired is unable to continue
working full-time although he's very qualified and I great potential um he's going down to a part-time status um while our grants accountant is out um she'll be out for about three months so
he'll be filling in for her while she's out part-time um but in the meantime we'll be looking for um a replacement that's again for the senior accountant position um otherwise this is just kind of a laundry list of things that we've been working on
during um this past month so there was um work that needed to be done for the installation of a gate valve at the South booster station so we prepared the contract for that um there was a water main break on a stero Boulevard way back
on December 3rd so I've been working with Lee County um to determine who the responsible party was in order to send them um the cost an invoice for the cost of the repair and that cost was about $184,000 um re there were several budget
adjustments that were were approved by Town Council we're just making sure that they were um input into the system correctly as it appeared some may may have been missing um so that that was straightened out so the reports that you have today should reflect those budget
adjustments um it's been taking um more and more time to create the financial statements but the reason for that is what we used to do annually would be preparing the acrs um recognizing um revenue for when we're
prepaid for revenue and then as we spend it down recognizing that we haven't been doing any of that on a monthly basis only annually so now in order for these financial statements to make sense on a monthly basis it's important to do that
monthly we're not actually posting them we're just um I'm just preparing them and then I make the adjustments right on on the face of the financial statements only because we need to come up with a solid methodology that I would like to just be able to replicate each
month and have everything nice and clean and so that's still under development it's it's turns into being a complex process because we have individual grants that have their own terms and trying to determine whether or not the um Revenue has been
recognized we have um like shifting Sands of FEMA projects and things are shifted from one project to another the projects are split projects are combined so that makes it very challenging to keep up with all that especially when we're talking about expenses that
happened previous years or closed years because now all that all those changes have to be done on a spreadsheet so and in order to avoid errors you just have to put in the extra time to make sure you're reconciling as you go so I just wanted to give offer that explanation as
to why it may seem like it's a lengthy process to get the financial statements out sorry Joe with the new system going in can some of that be incorporated into the new system because a lot of the systems have means to set up automated acrs as with certain accounts and things
so that might be something to look into is there any functionality that can help you well there is and actually our our own um software we have now also has the ability to do you know certain standard um acrs are set up and we do do
those through the system it's just um the analysis that needs to be done some of it is a limitation of our system in the sense that there's a limited number of digits you can put in for project numbers so you really can't
even use um the project number as effectively as we need to in order to keep everything straight especially with f because you have overall project numbers then within them you have like these job ID numbers and you know once you get down to second and third tier
levels you just can't can't do it at all so it all has to be done on a spreadsheet but more um I think what's it's really the FEMA aspect of it that's difficult because we're talking about expenses at started out right after Hurricane and in
2 fiscal year 2023 that Year's closed but we're still working through that with FEMA still and as they're examining expenditures decisions are being made well this should really go into this project rather than this project so you
can't any longer just run a report off of the system because it's the old project numbers and you can't go back and change closed years so you have to work off of a spreadsheet and we've developed a pretty sophisticated one it just needs to be maintained and I was hoping the new staff accountant senior
accountant would be able to take that over now that's at least not for the near future going to happen um but our budget manager has kind of voluntarily delved into that because she could see that it would make her job easier she's
the one working with FEMA and she's really grasped it very well and she's excited about it because it's really helping her to use it um reconcile with FEMA so I think as that gets developed and we have people on staff who are
familiar with it that then could then the data in there could then be used to generate um like pivot table type reports that could then become the basis of the entries rather than all these individual worksheets that we're trying to do right now um there's also um just
complications with from other grants for example like the the TDC Grant what they say is covered you know we believe is covered we submit it for coverage but then they'll go through and they'll pick out this or this or this and decide no
that's not eligible so then we have to go back and make adjustments so that just creates other levels of complexity in in making because this also goes back to previous years because there's a long delay in in when they process our
applications to when we get payments so it might be several months maybe as long as a year depending on how backed up they are how behind we are it just so we have a lot of things working against us um and that that's just kind of
scratches the surface have you discussed this with the new Erp uh solution maybe they have ways around it or or some way to help you not not we're just beginning with that so I'm I'm hoping that there might be some help with it I yeah I mean it doesn't hurt to ask yeah so I had a
question just general not necessarily County but does the town have like an Office 365 and it uses the teams and all the cloud storage and all that stuff to organize things we we do I have to tell you SharePoint has been a nightmare for
me to use um I seem to have issues with with files disappearing or being overwritten so I'm like scared to death to use it so I keep local copies and it's backed up you know on SharePoint but to work directly on SharePoint I
just burned too many times this weekend was another example I had saved a file out there from last month I went to use it I couldn't find it anywhere so I had do we have an IT person here yes who's that oh he's sitting right back there yes are you familiar are you familiar
with uh 365 and teams and all that stuff maybe we can get I'd use it all the time I don't if you guys use it yeah we used to it's a huge game it saves so much time then you can put co-pilot on top of it and that'll I mean it's a big time
saer so what's Co somebody goes in and mess that's the AI add-on so if you have Office 365 subscription when you say it's a time saer like in what respect well every every business is different but um it's a way to organize all your files and you can you can assign uh
access rights to all the different members so if you have five people in your accounting department you might give three of them access on one Grant and it's just a better way to manage collaborative documents in the cloud
it's super easy Once you use it um and then once you get familiar with that I was doing it mainly because of co-pilot the uh AI assistant but after I got into it I'm like I use teams really more than even the co-pilot and co-pilot's an
add-on but I still use it and I just think you sound like you're struggling with being organized we all do that right um so maybe what's his name Josh Josh maybe maybe he can get a vendor I know a vendor that
could help train a couple people and then you guys get used to it and if you like it I'm just throwing out an idea time man that's I I I hope it's that easy I mean so I mean the example I was going to give you is I I couldn't find this file so then I had to recreate it then I went to save it and I go to save
it and there it was the file I was looking for is now there and this has happened several times but I think there's something that goes on with the updating of SharePoint that and the synchronization that sometimes gets there's an interference and especially working remotely I I don't I don't know
the reasons but okay I have I mean SharePoint was for us working R was a huge time save oh my God yeah and with my team we could throw file out there like you say you gr access not access but multiple people be working you can see who's working on it
at any point in time um so it it is once you maybe get over whatever issues you're having with finding files how you should save them it's a it's that's a team process it's it's fantastic I I if you're familiar with it I'm familiar
with it if you want us I mean I'm happy to if you got like I don't know anytime I'm happy to come down and spend an hour and just show you the basic stuff and then I'm yeah I'm willing to that would be fine I'm just maybe it's just me I
just have issues with it because I've had people go in and change all they did was look at a spreadsheet and then they accidentally would change something and it get it's automatically saved it's like yeah and now now there's this yeah everything automatically saves well only you can do
is what I do is I'll have an archive folder so you can stick things in that so that at least if something changes you can go back and see what happened and and there's also a way of track changes on we create Doge for FMB right we'll get we'll get the tech support if you can figure out David's in charge
those issues but you can you can track changes in Excel it's one of the on the top yes I I I know your experience has been that hasn't worked for you wellever I mean I would be so happy if there's a system that could protect files from not being
changed and protect files from not disapp appearing if we had that I would well you have versioning there's a versioning thing and you can go back any I don't want to drag I've been shown all that and I tried and it's it's doesn't it doesn't work for me and maybe it's how I'm using it are you have a new
computer is your computer up to date yeah well I mean it's not new newo but it's been repl does the town provide everybody a laptop or how does that work well I'm not sure Josh if he would know what's I don't I think everyone has last TS he's got to be he's got to talk yeah
I don't know if you ask him a question he's got to be in a microphone oh I'm sorry yeah probably and it's I don't want to ask him a couple questions I just thought listening to what you were saying I'm like sounds like a team's fix
or a you know Office 365 fix here he comes so here he comes ask a question so I was just curious um if you're the it coordinator so does everybody have like brand new um laptops and all the softwares automatically updated so
everybody's using so the software is managed the software is managed so any updates get pushed out through the clouds to their systems the moment they have internet it updates and enforces it all right and then um so everybody in the whole government has an Office
365 email all that St fashion yes and then um I'm just I'm a I'm a nerdy accountant I like everything organized and easy to get to that's basically the way it works and I don't know if you're leveraging the investment in the Office
365 stack okay they're all using SharePoint they're all separated security all set on pretty much everything and then do we have a vendor that you use to keep everybody trained up for like people that are on boarding and usually would be handled in turn
through their department and like that sorry I didn't mean to pull up what's that all right thank you our first guest speaker
okay all right okay I'm just trying to figure out how to get through this quicker so so we we have old compliance agreements this is with um code compliance issues that um we're looking to see we we there
wasn't this was like outside of the finance department there's another system that tracks whether what fines may be owed um and if payments were made it it's just very the way it was
done um in the past makes it very difficult to find things so we just we're assisting with researching the payments the best we could from our side um just to help with these cases that are going before the magistrate um we have the cdb gdr
planning Grant um that's the RFP document has been finalized and I believe it's already it's either been issued or is about to be issued that's um the request for proposals um regarding the the different
um planning aspects of the grant we worked with the insurance adjust um in terms of just reviewing what he his latest um iteration of the the claims and working with our
insurance provider and where they stand it looks like there's potentially $2.6 million remaining a lot of it has to do with recoverable depreciation which we would get anyway um but that's he was
trying to work on a plan a proposal that would allow them to pay that upfront so that we have that cash up front um so that's still um in process um I in the that also then caused me to research FEMA policy
regarding insurance requirements I wanted to understand better what does FEMA actually require because I have heard that if you were not adequately insured they um deduct what they think
you should have been insured for from what they're going to pay you because they always deduct insurance payments but that was a bit of misinformation that I was told because what that what it really comes down to is once you've received payment from FEMA for a type of
claim like structural damage let's say of some sort once you re and and you may have had very little insurance they don't they don't um penalize you at that point what happens is after they make that payment to you part of the
agreement for accepting that payment you have to agree to being um adequately insured going forward and so if it were to happen again that's when they would deduct what they had required you to
keep as insurance from whatever payment they would give and this is a way to control costs on their end because they're supposed to be a last resort not a first Resort so it makes sense and after researching those policies I was glad to um have a clearer understanding
of that um we're progressing with the implementation of the new Utility Billing System um that's provided by a company called KUSI um the data conversion we've been troubleshooting that um they actually calculate things
more accurately than our current system so the disparities that we were finding were actual disparities in our current system that would come to light and then adjustments would be made later so now at least going forward with the new
system we shouldn't have those issues and like for example it would be like when meters are changed the difference um in the the meter readings because now you're comparing to um the last meter reading was an old meter the new meter reading
was from a new meter the old software wasn't necessarily handling that correctly and so it would result in outrageous bills sometimes that were obviously caught and then we'd have to go and do a correction or an adjustment for that but the new system doesn't do
that it it handles it correctly um there's also um the design for the parking lot for the new town hall um there's kind contract that was prepared for that and I'm not quite sure where
that stands I presume it's been completed or near completion by now um we've been working with collecting information for the implementation of our new accounting software um we the initial training we
had um like introduction to what the training will be and now the next thing will be assigning that training to the appropriate people as far as what modules they be trained on and then an implementation plan is still being developed we've um plugged in our
schedules we've and we're starting to develop a timeline um it looks like it could be about a year um roughly but the timeline isn't completed yet okay continue to work um with the FEMA
program managers for hurricanes Ian Helen and Milton we have weekly sometimes bi-weekly meetings with them reviewing the expenditures and the status of things um and what's being submitted there's a very thorough review that takes place with each of um the the
claims very time consuming and so that's why especially with hurricane and when there's so much why this process is is taking little now it's been two and a half years um ref tell us financial consultants they're the ones who have done the rate study for the utilities
for leak County since we um our water department um Works closely with the Lee County water department and Lee County provides the sewage um service for the island it it seemed prudent to use the
same rate Consultants as they use when they developed their annual rates because they're already familiar somewhat familiar with the island especially since they had to take information into account for the SE um rate that were developed for Lee County they
have a contract and one of the provisions of our purchasing ordinances we they call it piggybacking we can piggyback on that contract for the same um price excuse me as was charged for Lee County and that was competitively
procured so it meets our competitive procurement requirements the next um rate schedule that needs to be developed would be for the schedule for October 1st through of this year 2025 for another five years all the way
through September 30th of 2030 um this is on the agend the next meeting's agenda for approval and then hopefully we'll be able to um begin soon after that they'll also be able to make
use of the data that's been converted um from the old um Billing System for water and storm water and make use of that um in their analysis we continue to work with our
consultants for the tier one project um Grant and the state revolving fund loans that's um ngie Brewer is the name of them we we have it um a shortfall in funding for the tier one project that was known from the beginning and so some
of the options were to request an increase in the revolving fund loan which we are will pursue um but the next opportunity to do that would be in August so we're just trying to see if there's other projects that should could
be folded in with that increase um along with it because you you can apparently you can only ask for an increase in the loan once and so we want to make sure we take everything into consideration we can as well as make sure that we're not um we're
not um creating a repayment a debt payment schedule that would be greater than what we'll be able to Bear by our our utility rates there's also new grant opportunities that are available but we won't know for sure yet um regarding
those for a few months we continue to work with the tax appraisers office tax collector's office and the town attorney to set up a collection mechanism to recoup um private property demolition expenses um there should be very few of those it's
going to be funded temporarily with the bridge loan but then once um according to the agreement we have and what the Town Council approved it would be actually be added on to the private properties um tax bill and so then they
would it would be collected that way um our budget manager continues to work with the Title Basin who's our Consultants to review the supporting documentation for the fuma projects um our grant coordinator worked
on preparing the Grant application for TDC um and for Beach re nourishment and submitting the expenditures for reimbursement um there's also been quite a bit of work done by Kirkwood Electric on the new town hall
getting that ready um to be utiliz and function as our new town hall um it in the beginning was not anticipated that would exceed the $75,000 threshold but it has and so there's something going to Town Council in order to approve of
those expenses that have exceeded the $775,000 limit um the similarly with Soft Trim um quite a bit of work has been done by them to um outfit the building with wiring and Equipment such as security
equipment security monitors Wi-Fi um Audio Visual all of those types of things our contract with soft Trum there're our RT services provider had pricing in there for additional
Services it did not cover um components so but they so what we did was we went out and we got quotes from components from other sources and compared them to um softs prices and um soft triom was
the lowest every single with every single component so we were able to use continue to use sof room in full for all of the services and components um and that work is nearing completion but I think there's still a few things to be
done and otherwise it's just the routine work of the office um I have an update on the funding sources really it's just a few highlighted items that have changed since last time so I don't need to go through all of it um the $5 million loan
um it's we only utilized about 300,000 of it so far and this is the loan that is only supposed to be used for FEMA obligated projects and there's a a a short list of those and so why so
little has been used to date is because we have so few projects obligated by FEMA and the ones that we do have obligated aren't necessarily on this list so but this this should start changing um very soon and hopefully we'll be able to fully utilize that just for cash flow
purposes and it will be repaid when FEMA gives us our reimbursement and I think um the only we we were that $8 million um fdm state funded lab Beach renourishment Grant this is the $8
million we are paid UPF front for Beach re nourishment we've only used um a little bit more than half of it 4.2 million with 3.7 million remaining and the reason is we have other funding sources
other grants that we also have that we're trying to also take advantage of um at this because this is a sure thing the others are on a first come first um served basis so we're trying to make sure we're submitting as much as we can to them to utilize
those and I think that's probably it other than an update on the $7.5 million Revenue replacement Grant from the state um I contacted them
to find out where where it is it had we have we were supposed to have received it about two months ago it was approved but I found out um the state only has a certain amount of cash it can release for such purposes and they do so
on a quarterly basis and so the next time that there'll be a sufficient cash available for them to pay us is going to be after this quarter so it'll be after March 31st um so sometime after March 31st we'll receive it um in having dealt
with the bridge loan it seemed like once it was approved to be released it took another six weeks to be process so I'm guessing April May we'll finally see it we're not any type of liquidity crunch or anything not no not yet and
really what we're using that for is to repay the bridge loan um and that's that would if if we then have enough to repay the bridge loan then that frees us we can still have that money on hand and use it for
emergencies um it would earn interest until we finally have to pay it back and then by having that money available that frees us from the obligation of they they had we were not allowed to use
spend any anything any savings that we might achieve on Capital expenditures they wanted all of that money to go back to repaying the bridge loan well if we already have the money in the bank to repay the bridge loan then we can take any savings we may be achieving and use
it for other things so it it puts us in a better situation sounds complicated okay so then I we have the financial statements and I'm so sorry it was so late last night it's just very very difficult to get this done on top of the
other things that were also needed this week um the balance sheet um I think tells a pretty good story especially in the general fund you know our cash is doing very well um fund we have a good fund balance
um cash Investments I should say um and we have a good a good fund balance um The Debt Service fund that's just functioning um the money that's in there is just used to repay that um Community
um enhancement loan that we received um we didn't spend very much so the loan payments aren't very high um but so this is a this will be a pretty stable amount going forward and it's already just automatically included in our budget um
the emergency fund this is the thing that really fluctuates quite a bit um our cash balance is down to 1.8 million but we have about 7.7 million due from um FEMA um and FM so this is what where
we really struggle is because we're it's on a reimbursement basis so we have to spend the money first and then then and then it takes them a few years to repay us um we have a a million dollars receivable that works expecting for an insurance
reimbursement um for um the the payment or reimbursement for these temporary trailers and the town hall expense that we've incurred um and so our funding fund balance is down to 1.3 million there but
we have 8.7 million um expected inflows and that would be that $7.7 million receivable from FEMA and the $1 million is receivable from the insurance company so we spent 7.7 million and now we're waiting to get paid back it yes
sir okay and takes three years well I mean these expenditures are ongoing and we we have been receiving some I think the last um the last report we get to we'll have more detail on
that um okay so the bridge alone is pretty much stable we've we've not been using it we've not had to use it this year so far um but it's it's down from the original 13 million let's see um gas tax that's we
just have very little um activity there we've we've spent some of that for um for allowable um like repair repair work work that has to do with sidewalk
and and Roads um be this is this is the TDC um Grant the the cash is zero because this this grant is on a reimbursement basis so we have to spend the money first so we B we borrow the cash from the general
fund um let's make sure I got this yes from the general fund and then we also then have the receivable that exists for um what already been submitted for reimbursement the building fund has not had very much activity this is the
permit department so um in terms of the net activity um the permit Revenue coming in versus um the expenses of the department um have resulted in just a change of
$71,000 which is really remarkable so far this year Capital fund this is another one that has a lot of activity this is where a portion of the new town hall building um was funded out of we had that $8 million Grant from the state
that was funneled through the capital fund and so the purchase of the building was through there um we also have Beach re nourishment um another $8 million grant for Beacher nourishment that was in there so part of that $8 million that
we just spoke of um we've spent the four 4.2 million 3.7 million of it is left and then we have um the turtle lighting we had like about7 A5 million doar Grant from the state for that we've only spent
about 2 million so that's why our cash balance is so high because we have what what is really left from um the Beacher nourishment and turtle lighting is most of that plus we had um a few million dollars balance on hand um going into
this the unearned Revenue line on the capital um that that's those are the the paid upfront Grant so that's the remainder of the $8 million
um Beach R nourishment the 7.6 um Turtle lighting and then there's another um grant that we received almost $5 million for Berry nourishment as well so that that has not been utilized yet so all of that that sitting in unearned
revenue and we don't recognize that Revenue until we actually spend those dollars um the fom hurricane Recovery Fund column that's that $5 million loan and this is what's remain remaining of
that loan that's um still available to be used um the American Rescue plan act really that's been fully um accounted for we have all of the signed um contracts Andor um purchase
orders for um the various items and now it's just a matter of actually spending down the cash and is and that's when we'll recognize that revenue of 1.1 million or almost $1.2
million Road impact and Parks impact this would be um impact fees coming in there's been very very little activity there um um whether expenditures or Revenue so far um so that takes care
of the governmental funds and then you have the water and the storm water on the next page um really um the things our cash balances are are pretty healthy so far
um accounts receivable that's our um counts utilities um billing for um water and sewer and on the storm water side we have um quite a bit of cash that has
accumulated because our payments are of debt were suspended for two years while we contined to collect the storm water fees so our cash built up but that actually puts us in a better State because now we can use some of that to
as a possible funding source to make up the difference of of the $2.7 million difference um that the srf loan will not fund for the tier one project um so that is an alternative um or it could also be um in
terms of cash flow we could use that cash until we're reimbursed by the srf loan so it's it's good that we have that cash built up and then the notes payable these are um the water and storm water um State revolving
fund um loan balances I think that probably covers the key things there um cash flow statement um it kind of just gives you an idea of how things are are going in
terms of operations financing and investing activities you could see the emergency fund is where most of the cash has been expended and the capital fund terms of of the building and re Beach
renourishment and I think I can move on to um the page 15 turned out this would be um The Lost Revenue estimate so this is comparing our revenues for for so far the four months
of 2 20 fiscal year 2025 so that would be the like the middle column of figures we're comparing that to the 4mon um average um from 2022 so that that's the
comparison we're trying to compare this year to 2022 to see how we compare to that because that was the basis of um that comparison was the basis of pound which receiv re that bridge loan so we can see we're doing much better already
this so far this year most of it has to do with the adalum taxes of course which is what we commented on last year so I think this number may come down as we move through the year as far as the favorable variants but on the other hand we'll have parking revenues and other things
that will um also help then we have um the budget versus versus actual um revenue and expenses just for the general fund I've got them sorted in descending order of variance so um the most favorable variance is at
the top again it is um what did I want to say it's a comparison of FY 25 year-to date actual so it's four months worth and then compared to a 4month average of the budget
um so it's it's not the best comparison as we discussed in the last meeting because it's not a monthly budget it's just an average and it's the budgets are seasonal depending on the item but still overall um with using
this as a comparison where have a favorable variance of 1.6 million and then if you look at all of the expenditures we also have a variance of 60 6 I can't say that 67
$3,000 so Joe so the code enforcement fees we budgeted 200 Grand and we've got 726 Year date yeah we we had one big um one big event where we collected that
just about all that money with one bad actor that oh okay I know what you and when she sold her house we had to lean on it so we got the money that's like it's it's an total anomaly I mean typically you won't get that much at one point but that's what happened and I
think um because of it being an anomaly um really then we that's one of the opportunities we have to use that to fund some other things that are coming up I think there's a Code Enforcement boat that need needs to be replaced so
there'll be funding for that um for sure I was just curious so okay and then we have um the next page is 19 is the department um budget variance um it's
the same figures just arranged by Department I should say subtotal by [Applause] department and what I did this time around is maybe I should explain that before um
if you look at the bottom of the report what what I was trying to do is kind of pull out of this to show that we were actually planning on like in that very first column of figures we were planning on drawing down the
general fund balance by almost a million dollars and the reason for that was we had um $50,000 if you look at that bottom part we had $50,000 that's being carried over from last year and I'm trying I'm now it escapes
me what that one was for I should have looked that up but and it's because it was it was something that was budgeted for last year but was not spent last year so we and we had savings so we brought we're carrying that forward and planning to do it this year the same
thing is that 782,000 that is for the Estero Boulevard Landscape Maintenance um that has been sitting in the fund balance for several years now and this was the year that was it was being planned to be spent and so that would that's accounts for most of it and then
the other $80,000 has to do with um I believe that might be um vehicles that were not purchased last year um that will be purchased this year and I
think that's the same thing with that $50,000 but I'm sorry I next time I will we'll see the same thing next time and I'll come back with more specific details on that and then last but not least is um
this big spreadsheet of expenditures since hurricane Ian we have spent $32 million since hurricane and on emergency expenditures we've received 14 almost
$15 million of insurance proceeds we've actually received $18 million from FEMA we still have um that $7.7 million expected to be received from FEMA and
then the $1 million is expected to be received as a reimbursement for um this temporary Town Town Hall setup we have this $11,000 um refund expected but I think that's going to have to be written off as I don't think that that ever
happened and it's I'm not even sure what why it's in there it's such a minimal thing but I every penny is accounted for as you can see then we have un un unreimbursed expenses of
$428,000 and then we have in terms of what's been um still untapped is $1,387 th000 worth of insurance and 10 million 10 million yeah but that
also includes the 4.1 million that we um contributed from the general fund so if you deduct a 4.1 million that's roughly like six million of insurance that's not been utilized yet so that's kind of an overall summary so
that's a good thing then so we're ahead is that we to I reading that's got to be wrong I'm wrong I guess well so we have we do have funding still available to be used by for insurance the issue is Cash um
because it's a good thing we still have that available because we have um you know 7.7 million outstanding and receivables from FEMA so it's really that additional insurance proceeds and
our contributions from the general fund you know that last column that are keeping us a float in the emergency f until we receive the reimbursement from FEMA right any other comment on the uh reports and
statements any member items and reports next meeting is April 14th at 9:00 a. Monday everybody okay with that all right let somebody like to move to a
Jour move to a Jour I'll second that all in favor