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Agency reports FY25 revenue rise and planned FY26 budget built on one‑time funds
Summary
The Department reported an FY25 increase in statutory revenue and a FY26 budget that relies on carryover and one‑time funds; the department noted higher transaction volumes and project spending compared with the prior year.
At the July 9 meeting staff reported fiscal year 2025 financial results and the FY26 budget submission.
Highlights from staff presentation: as of June 30 the department had an ending cash balance of about $31.6 million and encumbrances totaling roughly $24.0 million, leaving an unencumbered cash balance of about $7.6 million. Outstanding reimbursements to the agency were reported at approximately $4.5 million. When staff excluded one‑time PREP and ARPA funds, recurring FY25 expenditures were reported at about…
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