The Rutland Regional Planning Commission reviewed its January 2025 financial statements at the March 15 meeting and heard staff describe a net income of approximately $99,000 for the month.

Mary Kate Skaggs, a staff member who presented the report, said the high net income was primarily due to capturing a third-quarter ACCD core invoice recorded in December, which staff estimated at roughly $161,000. On the revenue side, staff reported higher-than-budgeted local-income receipts after most towns paid FY25 dues, and higher state nonpermanent revenue tied to a neighborhood development area planning grant invoiced on a percentage basis under the grant agreement. The presenter also noted low activity on a U.S. Department of Energy EECBG grant and low receipts to date on a U.S. Department of Labor item, with staff time recorded against those programs.

On the expense side, the presenter said RPC paid its FY24 audit and had higher marketing/sponsorship and organizational-support costs tied partly to converted credit-card points that were accounted for on the revenue side as miscellaneous revenue. Rent and office improvements appeared high in January because the accounting captured eight rent payments in the system by Jan. 31; insurance for the RPC was also paid in full.

On the balance sheet, accounts receivable totaled roughly $468,000 as of Jan. 31; that total included nearly $15,000 due to a QISP account reimbursement. By the March meeting staff reported that accounts receivable had declined to about $112,000, with the QISP account having fully reimbursed the operating account. The presenter concluded by offering to answer questions; none were raised.