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CBA projects nearly $1.7 million surplus; staff report lease renewal and business modernization steps
Summary
The California Board of Accountancy’s treasurer reported projected revenues of more than $21.5 million and a projected year-end surplus of about $1.7 million; staff also outlined a newly executed lease at Venture Oaks and continued work on a business modernization project including credit-card payments and a case-management system.
The California Board of Accountancy’s third-quarter financial report for fiscal year 2024–25 shows the board’s budget authority at $19,785,000 and projected revenues expected to exceed $21,500,000 by year end, producing a projected surplus of about $1,700,000 (8.4%), Treasurer Doug Aguilera reported May 15.
Aguilera told the board the fund condition statement projects roughly 13.3 months in reserve at the conclusion of the fiscal year. The projection excludes possible…
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