Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
UPC hears audited financial results: unqualified opinion and $13 million in federal assistance audited with no findings
Summary
Committee members reviewed the water fund quarterly financials and an audit showing an unqualified opinion; the single-audit of federal grant compliance found no significant deficiencies and covered about $13 million in federal assistance tied to drinking-water projects.
The Utility Policy Committee reviewed quarterly financial materials and an audit summary on July 10. Staff presented operations and revenue data showing operations at roughly 33% of budget after six months and revenue at about $16 million of a $41 million budget (~38%), noting billing timing and accrual lags.
Staff highlighted a substantial one-time-like revenue…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
