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Kuna presents FY2025 financial recap; cash balances reported at about $103 million
Summary
Finance staff told the council the city ended fiscal 2025 with roughly $103 million in cash across funds and explained why the city uses a modified accrual basis for budget-setting; the presentation highlighted fund-level results and Water East/Sewer East accounting effects.
City finance staff presented a fiscal-year-2025 financial recap to the Kuna City Council, reporting total cash balances across all funds, including the Urban Renewal Agency, of about $103,000,000. Jared Impey walked the council through several bases of accounting (cash, modified accrual, GASB and GAAP), recommended modified accrual as the most…
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