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FPUA finance team highlights GFOA budget award, portfolio returns and CAFR results
Summary
Finance staff presented a Government Finance Officers Association Distinguished Budget Presentation recognition, described investment earnings and proposed modest portfolio shifts to increase insured holdings, and reported the fiscal year 2024 audited financial results and year-end budget amendment.
Fort Pierce Utilities Authority finance staff presented an annual investments update and reported the audited fiscal year 2024 operating results during the board meeting April 1.
Michelle Harris, finance manager, said FPUA received a Government Finance Officers Association (GFOA) Distinguished Budget Presentation award for the fiscal 2025 annual budget, with special recognition for the budget process and the capital program. Harris credited multiple finance staff members for the document’s preparation and presentation.
Chief Financial Officer Barbara (last name given in meeting) then reviewed the authority’s investment portfolio and interest-bearing accounts. Staff described a mix of cash sweep…
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