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Ross Council accepts 2024–25 year‑end financial report; transfers to CalPERS and capital funds approved
Summary
The Town Council accepted the fiscal year 2024–25 year‑end financial report showing a roughly $1.4 million positive variance; council approved transfers including a $200,000 discretionary payment to CalPERS and nearly $500,000 to the facilities and equipment fund.
The Ross Town Council on Oct. 9 approved acceptance of the fiscal year 2024–25 year‑end financial report and a set of proposed transfers that staff said were enabled by a favorable year‑end result.
Krista (finance staff) presented the report, saying operating revenues were “just under a million dollars over budget” while expenses were “about half a million dollars under budget,” producing “a $1,400,000 positive variance.”…
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