Finance Details

  • Current GBR Reserve Fund (as of last back statement): $178,521
  • Awarded Contract Cost Estimate: $151,925 to $198,925
    • Without a special assessment, this project cannot be completed in calendar 2021 without exceeding impact on reserves permitted under state law. The proposed $154K special assessment mitigates project impact on reserves to no more than 40% – well within state-mandated limits.