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Kuna staff summarizes fiscal‑25 finances; city reports about $103 million cash across funds
Summary
Finance staff presented a fiscal‑25 recap explaining accounting bases (cash, modified accrual, GASB, GAAP), reported roughly $103 million in cash across funds, discussed Water East/Sewer East fund results and said roughly 400 KeyBank EDUs remain outstanding and are projected to be extinguished in Q1 next year.
City finance staff provided a detailed recap of fiscal year 2025 financials and explained how to interpret multiple accounting bases used for government reporting and budgeting.
Jared Impey outlined several accounting methods: cash basis (simple but not appropriate for government budgeting), modified accrual (used by the city for budget setting), GASB variants (which separate governmental and enterprise funds…
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