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HFSC receives annual audit overview; City of Houston added $2.5 million for biology
Summary
CFO David Leach presented HFSC's audited financial results for fiscal 2024–25, reporting stable total revenue year‑over‑year with a shift in sources; the City of Houston provided an additional $2.5 million in the 2025 budget directed to biology and outsourcing-to-payroll transition, and payroll rose about 13%.
David Leach, HFSC chief financial officer, presented the audited financial statements for the 12 months ending June 30, 2025, and summarized key budgetary trends for the board.
Leach said the standard (financial statement) portion of the audit is complete and presents fairly in all material respects; the government‑grant portion of the audit remains pending because the…
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