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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