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Wildlife agency reports higher collections and increased expenditures through January; trust fund balances updated
Summary
At the meeting staff presented the financial report through Jan. 31, showing FY25 collections of about $43.7 million (an 8% increase year over year), higher expenditures reflecting the FY25 budget, and combined trust fund balances totaling roughly $323.6 million.
Agency finance staff presented the department’s financial report through Jan. 31 and answered commissioner questions about revenue, expenditures and trust fund balances.
The report showed FY25 collections through Jan. 31 totaled $43,736,190.80, compared with $40,339,998 at the same point last year—an increase of about 8 percent, staff said. Expenditures through the same date were $44,548,508 in FY25 versus $37,224,302 a year earlier; staff attributed the increase to the larger FY25 budget.
The department’s total cash balance in its revolving fund on Jan. 31 was reported at $22,101,355. A summary slide of combined trust funds showed a total of approximately $323,620,582 through January 2025 compared with $281,859,663 at the same time in the prior year. Staff provided trust fund line items, including a lifetime trust fund balance of $160,635,352 on Jan. 31 and a defined benefit pension trust balance of $147,862,587.
Finance staff also reported wildlife contributions received in January totaled $258,255 and paused on a set of three slides listing individual contribution items.
Commissioners did not change policy based on the presentation; the report was provided for review. Finance staff said the agency continues to draw federal grant reimbursements and that a recent administrative transition briefly interrupted draw-down access but did not disrupt reimbursements to the department.
