During yesterday's Commission Discussion Session, Andrew McCreery, Director of Finance, reviewed 2014 Preliminary Year-end Financials.
Andrew explained that the Unassigned Funds are to be used for emergencies. Typically, the reserves should equal two months of our budget. Our unassigned fund balance is only at 11%. Remember how "Anyone But Bendel" went to the October 3, 2013 Sports Advisory Board meeting and asked how the SAB would like to spend the pot of gold? The October 3, 2013 SAB meeting minutes indicate:
I bet Vasco Sports can't be too happy with the snow on the ground. Benner hoped for snow, while Vasco hopes for warmer weather. I just love Mother Nature.
Andrew explained that the Unassigned Funds are to be used for emergencies. Typically, the reserves should equal two months of our budget. Our unassigned fund balance is only at 11%. Remember how "Anyone But Bendel" went to the October 3, 2013 Sports Advisory Board meeting and asked how the SAB would like to spend the pot of gold? The October 3, 2013 SAB meeting minutes indicate:
The board recommended that the Commission designate the maximum amount of undesignated funds, plus any available funds that were previously allocated to Brafferton, to a turf project at Middle and Wildcat, with the balance of the project costs coming from other sources.Isn't "Anyone But Bendel" in the banking business?
I bet Vasco Sports can't be too happy with the snow on the ground. Benner hoped for snow, while Vasco hopes for warmer weather. I just love Mother Nature.
