“The bond fund required to pay the county’s Bond C series was short $211,000 on June 1,” Morrical said. “So we’re having a meeting to find out why that happened and why the whole board wasn’t notified what was going on. It’s something I want to get on early and resolve the issue.”
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Giorgio Karras, JLL vice president, said he is “not intimate with those finances” so he could not comment on the issue but said answers will be provided at the special meeting Friday.
Morrical said he does not believe this means the center is in trouble.
“Everybody is afraid that this is a blip on the radar and something’s going bad, the whole thing is going down the toilet and everybody starts panicking,” he said. “Which we don’t want to happen. It’s been very successful. It’s the first time this has ever been done in the county and I think there is a learning curve and that learning curve is going to progress.”