4/4/2018 7:29:33 PM
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Section 5: OPA Board Subject: Casino Funds History Msg# 1009983
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Joe: curious if you know if River Run receives any Casino monies?
Either way it's a windfall for our Association irrespective of the defined use. I am quite interested in reading the reply to your question about how the monies show up in our budget. |
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For reference, the above message is a reply to a message where: Ted, I posted the following message to Larry Perone of the Budget & Finance Committee. He did not respond. 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? 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? Can you explain where the casino funds of about $300,000 per year are in the budget as income/revenue so that the assessment would be that much lower? I am of the feeling that this revenue is not reflected in the actual budget insofar as the assessment calculation is concerned. If I am correct, why is the money not revenue that would lower the assessment? |
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