Beaumont transferred $3.7 Million from the Citibank Savings to the Checking Account in September, 2015.
September 25, 2015, the City drained the accompanying Savings Account by transferring $3,745,937.82 into the Checking Account.
$369 stayed in the Savings Account for a couple months before completely draining the Savings Account in December 2015 …
Last year they took the money from the State LAIF account to supplement the $15 Million Mello Roos Principal and Interest Payments.
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