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Posted up at the #Oklahoma Development Finance Authority again today because I lover #bankers and also figure the $4 billion #securitization program of February's #okwx-related utility debt should be monitored.
Buckle up for a thread!
Buckle up for a thread!
Board member Bridger Cox and Secretary Brent Kisling are not in attendance today. Chairman Roger Wagner introduces a woman named Katherine (Catherine?) to go over financials. Says "over the last 11 months, ODFA has held an average cash balance of $9.1 million."
"The current balance sheet is very in line with our budgeted balance sheet," she says, adding that composition of general fund revenue has changed. Gone from $104,000 to $213,000 in closing cost revenue year to year.
Interest rate has declined on cash balance.
Lotta money.
Interest rate has declined on cash balance.
Lotta money.
