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r! <br />R.... <br />/ 1V '' f ��I �l r� f �� 2 <br />rr r°Cr0 <br />a hb"Alem�r�i�'���,��ru�a�,��ra <br />Citizens' Input <br />Vice Chairman Fendley invited those present to speak during the Citizens' Input. No one came forward, <br />and Mr. Fendley closed citizens' input. <br />Discuss and Consider Ap royal of the March 18 2025 Meeting,Minutes <br />Vice Chairman Fendley presented the March 18, 2025, meeting minutes for review and discussion. Dr. <br />Hashmi made a motion to approve the minutes as presented. Mr. Terrell seconded the motion. <br />Vote: 5 -ayes to 0 -nays <br />Discuss and Consider Approval of the March 2025 Financial Statements <br />Secretary and Treasurer Chase Coleman presented financial reports ending March 31, 2025. Total assets <br />were reported to be $10,353,858. Total liabilities were reported to be $2,040,980, leaving the PEDC with <br />a total net position of $8,312,878. He continued with the income statement for the month, citing the <br />reported total revenue as $177,033. He concluded the financial report for the month of March by <br />presenting total expenditures and net income for the month. <br />Mr. Coleman continued by providing a brief report on the PEDC financials encompassing the last six <br />months. Total revenues were reported to be $1,198,310. Total expenses were reported to be $403,295, <br />leaving the PEDC with a total net income of $726,510. He provided commentary, noting that revenues <br />for the fiscal year were ahead of budget, while expenses were under budget. Mr. Coleman concluded his <br />report by stating that through six months, the PEDC has had a good fiscal year. <br />Mr. Coleman opened the floor to questions regarding the March financial reports. There were no <br />questions. <br />Dr. Hashmi made a motion to approve the financial statements as presented. Mr. Roddy seconded the <br />motion. <br />Vote: 5 -ayes to 0 -nays <br />Discuss and Consider Ap royal of Ernst and Youn LLP's ro osal to assist the PEDC with obtainin the <br />rant of authority and designation as a Foreign Trade Zone <br />Ms. Hammond expressed to the Board that her intention was to cover Ernst and Young LLP's proposal in <br />detail and answer any questions they may have prior to a consideration of approval. She further <br />expressed that while discussions for a Foreign Trade Zone had been ongoing for the past 18 months, <br />recent discussions on US tariffs had expedited the process. <br />Page 2of5 <br />���ylloP(OB9q�u����u��Q�J�pi11V4fi������9�r�����7�muti��Ga�����b���V� <br />