Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Unaudited year‑end numbers: MMSD used less fund balance than budgeted; auditors on site
6442862 · August 12, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Chief finance staff reported the district used roughly $13.9 million of Fund 10 balances—about $8.4 million less than the June budgeted draw—leaving an unaudited ending balance near $100 million; independent auditors were on site to finalize the audit.
Finance staff provided an abbreviated report on unaudited fiscal‑year 2024–25 Fund 10 balances and the outlook for the 2025–26 budget.
Bob (finance staff) told the board the district’s actual use of fund balance for 2024–25 is approximately $13.9 million, compared with the budgeted fund‑balance use of $22.4…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
