JOHN DAY — The city of John Day has a cash carryover problem and the city’s URA is not generating the amount of revenue necessary to fund its debt service.
A presentation by John Day city recorder Rob Gaslin to the John Day City Council on Tuesday, April 23 revealed that the city has between $600 and $700K in cash in the bank, enough to comfortably run the city for about a month and a half.
Gaslin said he couldn’t put out a dollar figure the city would need to hit for him to be comfortable with it’s cash on hand but said a city typically wants around three to six months of cash carryover in the bank, or somewhere between double and four times what the city currently has on hand.
JOHN DAY — The city of John Day has a cash carryover problem and the city’s URA is not generating the amount of revenue necessary to fund its debt service.
A presentation by John Day city recorder Rob Gaslin to the John Day City Council on Tuesday, April 23 revealed that the city has between $600 and $700K in cash in the bank, enough to comfortably run the city for about a month and a half.
Gaslin said he couldn’t put out a dollar figure the city would need to hit for him to be comfortable with it’s cash on hand but said a city typically wants around three to six months of cash carryover in the bank, or somewhere between double and four times what the city currently has on hand.
JOHN DAY — A city councilor has resigned along with the city’s longtime recorder and another councilor was asked to resign in a contentious special meeting of the John Day
JOHN DAY — A city councilor has resigned along with the city’s longtime recorder and another councilor was asked to resign in a contentious special meeting of the John Day