# Capital Improvement Board wants a formula and an application process before groups ask it for money

## What happened
Baker Tilly consultant Kyle Carlson told the Capital Improvement Board (CIB) that its cash balance at the end of August was just under $5.5 million ([0:19:54](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1194)). Assuming $2.7 million in Indiana Theater costs, available cash at the end of 2028 would be just under $4 million, about $3.87 million ([0:22:22](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1342), [0:22:33](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1353)). Chair Brandon Sakbun asked Carlson to work out how much is set aside for debt payments and the CD (a certificate of deposit, a savings account locked for a set term) so the board can say how much is truly available for new requests ([0:22:33](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1353)). Board member Karen Dyer said the board has no process now, so anyone can put themselves on the agenda and ask for money, and she backed a written application process ([0:28:56](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1736)). Sakbun said he would work with Carlson on the calculation and with counsel on formalizing a process ([0:30:16](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1816)).

## The outcome
No vote was taken, and no date for adopting a process was set.

## Sources
- [Cash balance, 0:19:54](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1194)
- [End-of-2028 available cash, 0:22:22](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1342)
- [Chair asks for the available-money calculation, 0:22:33](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1353)
- [No process exists today, 0:28:56](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1736)
- [Next steps, 0:30:16](https://www.youtube.com/watch?v=o3Is1mqP4Qc&t=1816)

*Also known as: CIB cash flow · how to ask the CIB for money · CIB funding policy · Capital Improvement Board application process*