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Board reviews record application volume, mutual-recognition steps with UK and approves internal audit plan
Summary
Board staff reported record PE application volumes for FY2025 (about 5,000 applications, roughly 4,400 approvals), updates on mutual-recognition approvals with the U.K., and the board approved the agency's internal audit plan after CFO Jeff Musher summarized the year-end finances and fund balance.
The board received an end-of-year financial and program report and approved the agency's internal audit plan for the coming fiscal year.
Jeff Musher, the agency CFO, said the board collected "over 6,000,000 in revenue" for the quarter and reported a fund balance close to $3,300,000 at fiscal year end. Musher reviewed required financial schedules and described the internal audits the agency completed…
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