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4/2/2018 11:19:16 AM
 
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Section 5: OPA Board Subject: Casino Funds History Msg# 1009796
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Larry, as a member of the Budget & Finance Committee can you shed some light on how the $300,000 or so a year income from casino local impact funds is handled in the budget?
I know the funds are transferred by the state to an OPA special account and then later transferred to some other account in reserves for roads. That said, is this income of $300,000 reflected in the actual assessment? In other words where can one see in the budget that the assessment is effectively lowered by that $300,000? |
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For reference, the above message is a reply to a message where: If not change, does that go into a slush fund to use as the Board or as the GM sees fit? Not good. Bill, I'm not sure where you hear much of this nonsense. Do you make it up, or is that the work of your friends? After legislation provided for OPA to receive 10% of the casino funds, OPA set up a special bank account as I recall. The state money is direct deposited to that account, perhaps on a monthly basis. OPA then transfers the money to some normal account as needed. To my knowledge the money has only been actually spent on roads. It is not a slush fund. If you look at the recently passed budget, the item for Reserves Fiscal Year 2018-2019 you will note in one of the documents a column named "Contributions plus Interest plus Casino Funds Transfer." The casino transfer was around $300,000 in the just passed budget. What I do not know is whether the operating budget reflects road work and whether the actual assessment amount reflects income of $300,000 against that infrastructure work. |
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