During the FPDR Board Meeting on May 27, 2025, key discussions included the approval of previous meeting minutes, a resolution for an interfund loan to manage fiscal year 25-26 cash flow needs, and an extension of the intergovernmental agreement with the Office of Administrative Hearings until 2029. The board approved the March 18, 2025, meeting minutes unanimously. Resolution 559, which proposed a $50 million interfund loan to cover expenses until mid-November tax revenues arrive, was also passed after an amendment to the document’s wording. Furthermore, Resolution 560 was approved to extend the IGA with OAH and increase the funding limit, ensuring continued administrative hearing support. The meeting underscored FPDR’s proactive financial management and commitment to maintaining robust administrative support for its operations.
Key Points
- Approval of March 18, 2025 meeting minutes
- Discussion and approval of Resolution 559 regarding an interfund loan for fiscal year 25-26
- Discussion on Resolution 560 concerning the extension of the IGA with OAH until June 30, 2029
Watch Full Meeting
Votes
Action Items
- Monitor and manage the implementation of the approved interfund loan and IGA extension.
- Prepare for potential budget amendments in the September meeting.