From The Blog
Second Quarter Financial Report Now Available
KICA’s second quarter financial report is out now. Due to brisk real estate sales, we have exceeded the Contributions to Reserves (CTR) annual revenue budget. This real estate transfer fee funds KICA’s reserve fund, used for infrastructure projects. Though real estate sales have begun to slow due to reduced inventory, prices are up. (See the Real Estate Trends below for details.) Overall, expenses continue to track lower than budget due to challenges in the labor market and the timing of major expenditures to the subsequent quarter.
See the full report here.