HomeMy WebLinkAbout2018-07-26; Agricultural Conversion Mitigation Fee Committee Ad Hoc; ; Report on Available Fund Balance
Staff Contact:
Pam Drew, Associate Planner, Community & Economic Development
760-602-4644 pam.drew@carlsbadca.gov
Agenda Item: #5
Subject: Report on Available Fund Balance
Meeting Date: July 26, 2018
As of June 30, 2018, $890,404 in cash exists within the ACMF account. Of previously awarded
projects, $124,765 (less administrative fees of $2,946) is appropriated and awaiting
disbursement to grantees and $555,594 has been awarded but not appropriated. The available
cash for new projects within the ACMF account is $207,099. The City of Carlsbad, however, is
accruing interest income on the total balance within the ACMF account. Interest income
deposited into the account for FY 17/18 totaled $15,000.