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Rutland RPC reports stronger-than-expected fund balance while preparing for audit
Summary
At its Sept. 8 Executive Finance Committee meeting, the Rutland Regional Planning Commission reviewed June and July financials, reporting a likely year-end surplus, ongoing audit preparation, and potential state cuts to phosphorus reduction funding tied to the QSP program.
The Rutland Regional Planning Commission’s Executive Finance Committee reviewed June and July financial reports Sept. 8 and heard from Devin, the RPC’s executive director, that the commission is preparing for an early audit and currently projects a year-end position that is better than previously expected.
Devin, the RPC’s executive director, told the committee that the June profit-and-loss statement showed net income of roughly $64,000 but that noncash journal entries and the auditor’s final calculations will determine final figures. “We’re still in the process of closing out FY25 for the audit, but, obviously, the year will end in the black,” he said.
The staff report said the commission had planned to use…
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