Thumbnail photo by Gavin Van Alstine
At the recommendation of Fiscal Officer Sandy Moreno, four Crescent City Harbor commissioners on Wednesday agreed to reduce the amount of money set aside in a restricted reserve account from $181,000 to $56,000.
The Board’s decision comes after Moreno had proposed creating a restricted reserve account in May to satisfy a loan payment to the U.S. Department of Agriculture and address its maintenance issues.
The Board’s action on Wednesday unrestricted about $125,000, according to Moreno.
“It allows us to have use of that money,” she told commissioners.
Continue reading Crescent City Harbor Board Reduces Restricted Funds, Freeing Up $125,000, According To Fiscal Officer

