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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 useful basis for the city’s budget-setting and described how donated infrastructure can inflate GASB-reported balances.
Impey pointed to fund-level results, noting the water fund and sewer fund show different net-change numbers depending on the accounting basis because of capital projects and depreciation; he said Water East and Sewer East show large initial numbers when donated infrastructure is included but are near break-even after depreciation is considered. He also explained that modified accrual is preferred for control of short-term spending and cash management, while GASB and GAAP are useful for long-term planning and rate setting.
In response to a council question, Impey said the KeyBank agreement obligation had about 400 EDUs remaining as of the end of the third quarter and that the city expects to extinguish that obligation in the first quarter of next year.
The council did not take action on the presentation; the briefing served as information for the budget process and to guide future policy and rate-setting discussions.
