HomeMy WebLinkAbout2021-11-17; Agricultural Conversion Mitigation Fee Committee Ad Hoc; ; Report on Available Fund BalanceStaff Contact:
Nancy Melander, Program Manager, Housing and Neighborhood Services
760-434-2812 nancy.melander@carlsbadca.gov
Meeting Date: Nov. 17, 2021
To: Agricultural Conversion Mitigation Fee Committee
From: Nancy Melander, Program Manager
nancy.melander@carlsbadca.gov
Staff Contact: Nancy Melander, Program Manager
nancy.melander@carlsbadca.gov
Subject: Report on Available Fund Balance
Discussion
As of November 10, 2021, the ACMF has $1,166,159 of available cash. Approximately $581,080
was awarded in prior years but has not been appropriated. The net available cash for new
projects within the ACMF account is $585,079. The City of Carlsbad, however, is accruing interest
income on the total balance within the ACMF account. The year-to-date Interest income on 10-
31-21 totaled $4,433.49.
Nov. 17, 2021 Item #1 Page 1 of 1