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Budget and Finance Committee approves January minutes, hears FY25 financial update and audit delays
Summary
The Budget and Finance Committee approved its January minutes 3-0, received a Fiscal Year 2025 financial update including a new required budget-transfer report, and was told auditors for FY24 have not responded to requests for an update.
The Budget and Finance Committee approved its January meeting minutes by a 3-0 vote and heard updates on Fiscal Year 2025 finances and outstanding audits.
During the meeting, finance staff said property-tax receipts are beginning to arrive and sales-tax figures “are looking really good.” The committee was told the finance office will begin providing a separate budget-transfer report to the committee to comply with a state legal requirement to report internal budget transfers.
"Your financials got emailed out to you on Friday. Property tax is starting to come in. It's looking really good. Sales tax, I emailed out that report as well. We're doing pretty good there," said Ms. Holden, a finance staff member, describing the materials committee members received in…
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