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Collection Service Board reports $88,591 deficit for fiscal 2025; reserves remain $730,831
Summary
At its Oct. 8 meeting the Collection Service Board reviewed fiscal-year 2025 results showing $159,510 in revenue, $248,101 in expenditures and a year-end reserve of $730,831; board leaders said the reserve remains healthy despite an expected ongoing deficit.
Jen Beakley, executive director of the Collection Service Board, told members at the board’s Oct. 8, 2025 meeting that the panel closed fiscal year 2025 with a deficit of $88,591 and a year-end reserve of $730,831.
Beakley said total revenues for the year were $159,510 and total expenditures were $248,101. “That is considered to be a healthy reserve position,” she said, and added the board will likely “continue probably to see a deficit, similar to what we did this year.”
The financial report was provided to board members on iPads as a year-end statement. Beakley invited questions; none were raised by the board during the presentation.
The board opened the meeting by adopting the agenda and later approved the minutes of its July 9, 2025 meeting by roll-call vote. The legal report was also approved at the same meeting (see separate article for details on the legal report and training).
The board confirmed its next meeting date as Jan. 7, 2026 and adjourned after routine closing business.
