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Council reviews unaudited FY24–25 financials, closes transit hearing and will send comments to county planners
Summary
Finance director presented unaudited FY24–25 results showing a small deficit and $9.7 million in fund balances; council opened and closed an HCAOG unmet-transit-needs hearing with no public comments and directed staff to forward the council’s comments to the Humboldt County Association of Governments.
The council received the city’s unaudited annual financial report for fiscal year 2024–25 and opened an annual public hearing to collect comments on unmet transit needs in Humboldt County before closing the hearing and directing staff to forward local comments to the county association.
Finance Director (speaker 8) told the council the report was prepared with unaudited figures as of June 30, 2025, and that the official audit is expected in early 2026. The director said overall city expenses slightly exceeded revenues by about $104,000, driven largely by a roughly $725,000 reduction in special revenue funds tied to required drawdowns of CDBG program income and ARPA funds. The city’s consolidated…
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