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Enron Mail |
Louise,
As discussed, the Austin project shows as a negative because the project was positive cash until mid-June. The City of Austin paid ENA in advance of the project costs actually being incurred. By the end of this quarter, the Austin Project will have a positive asset balance of $750K to $1million. The "Global Assets (Cuiaba & BBPL)on EA's books" line relates to development and reimbursable costs that were not moved over with the MTM piece. While these costs were being transferred to G.A., a reimbursement was actually received for part of the BBPL costs. Since we had moved the costs, the payment caused us to have a negative balance at May 31. This is currently being reconciled and the balance will be $0 at quarter-end. Call if you need more information. Regards Jody
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