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Votes at a glance: BCRUA approves minutes, audited financials and quarterly investment report
Summary
At its Feb. 26 meeting the Brushy Creek Regional Utility Authority approved minutes from Jan. 22, 2025; accepted the FY 2023–24 audited financial statements; and adopted a resolution accepting the quarterly investment report for Oct. 1–Dec. 31, 2024.
The Brushy Creek Regional Utility Authority took several formal actions during its Feb. 26 meeting:
• Approved minutes from the Jan. 22, 2025 board meeting (Item 4A). The motion carried by voice vote.
• Approved the FY 2023–24 audited financial statements (Item 6A) as presented by Weaver. The auditor reported no material misstatements, no significant disagreements with management, and a federal single-audit was required because of a $5,000,000 federal expenditure. The board voted to approve the audit.
• Adopted a resolution accepting the quarterly investment report for Oct. 1–Dec. 31, 2024 (Item 7A). The presentation noted investment income of about $1,300,000 for the period, a weighted average maturity of about 22 days and a weighted average yield of about 2.66 percent. The board voted to adopt the resolution.
All motions were recorded as passing by voice vote with no opposing votes announced. The meeting also convened in executive session under Government Code §551.071 for attorney consultation and later reconvened to open session.
