Review and consider recommending the approval to move Prospect One Corporation (POC) fund balance of $1,156,703 designated for the purpose of constructing, owning, operating, and leasing the POC Medical Office Building 510 N. Prospect Ave., to the District Committed Fund Balance for Capital Investments that now funds improvements to the 510 N. Prospect Ave. MOB at the September 16, 2025, board meeting - Beach Cities Health District

Meeting: Finance Committee

Meeting Time: September 09, 2025 at 6:30pm PDT

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Agenda Item

Review and consider recommending the approval to move Prospect One Corporation (POC) fund balance of $1,156,703 designated for the purpose of constructing, owning, operating, and leasing the POC Medical Office Building 510 N. Prospect Ave., to the District Committed Fund Balance for Capital Investments that now funds improvements to the 510 N. Prospect Ave. MOB at the September 16, 2025, board meeting

BCHD Fin Comm Staff Memo - POC Fund Closure Sep 2025.pdf