Treasurer reports year-to-date deficit and cash position through July 31, 2025

Treasurer Ron reported the authority’s year-to-date financial statements through July 31, 2025, and asked members to approve the report. On the balance sheet the treasurer reported cash and cash equivalents of $1,023,001.69. He said the authority’s year-to-date operating deficit was $45,009.89 and described an ending fund balance derived from those figures. Officials also reviewed the capital project fund, which the treasurer said showed revenues and expenditures that net to zero through July 31. After presentation of the numbers, a member moved to approve the treasurer’s report and another member seconded. The motion carried on a voice vote with members saying "aye." The treasurer invited questions; none were raised during the meeting. The report and supporting documentation were included in the meeting packet and will remain part of the authority’s financial records. The figures were presented verbally at the meeting; staff included the detailed statements in the packet for review.