Nov
04
November 2025 Updates
Reserves & Financials Total reserves stand at $8.35M, mostly invested across JP Morgan and Chase CDs earning around 4%. Legal fees are significantly over budget: $125K vs $50K budgeted, mainly due to lawsuits, contract reviews, and resolving long-standing city fines. YC@P is considering changing financial management firms due to repeated issues with Marquis, including late reporting, reserve misuse, wire errors, unauthorized payments, and delayed budgeting. Outsourcing financial management is being seriously evaluated. Major Building Projects & Timeline Elevator modernization: new bids…...
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