The Portsmouth Economic Development Authority on the final meeting of the year approved its Nov. 18 minutes and received a financial report for the period ending Nov. 30, 2025.

A finance presenter told commissioners the authority had about $6,100,000 in cash and $1,700,000 in receivables, with land and hotel air rights valued at roughly $1,200,000. Total assets were presented as $22,100,000, liabilities about $382,000 and a total net position of approximately $20,100,000, a decline of roughly $104,000 compared with the prior year period. “We ended November with around 6,100,000.0 in cash,” the presenter said.

The presenter also laid out operating figures: roughly $68,000 in operating revenues, $122,000 in operating expenses, $107,000 paid out in grants year‑to‑date and about $57,000 in interest income. A small refund of $1,185 related to land purchase was reported.

The approval of the Nov. 18 minutes passed by roll‑call vote, 6–0. Commissioners asked staff for a follow‑up at a future meeting that walks new and recently seated members through the financial statement categories to enhance understanding of the authority’s fiscal reports.

Next steps: staff will include a more detailed walkthrough of categories at the next meeting to assist newer members and to clarify budget versus actual comparisons.