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Truckee Meadows Fire board accepts FY2024–25 audited financials; reapproves $2.75M in capital encumbrances
Summary
The board accepted audited financial statements for the year ending June 30, 2025, with no audit findings, reappropriated $28,112 (general fund), $2,747,497 (capital projects) and $8,632 (EMS fund), and recorded an ending general fund balance of about $7 million (13.7% of budget).
The Truckee Meadows Fire Protection District board voted to accept the district’s audited financial statements for the fiscal year ended June 30, 2025, after a presentation from CFO Cindy Vance and audit counsel in which no audit findings were reported.
CFO Cindy Vance summarized the audit package and governance letter, saying there were past adjustments but no audit findings. She told commissioners that general fund revenues were slightly under budget by about $716,000 and expenditures were approximately $2 million under budget (about 4.2%), producing an ending general fund balance of $7,000,000, which she said equates to roughly 2.6 months of expenditures and about 13.7% of the fund-balance target referenced in prior discussions. Vance also described fund-level activity across capital projects (including receipts from debt issuance for station 37), the EMS enterprise fund (running approximately $1,000,000 positive), a stabilization fund and a workers’ compensation internal service fund.
As part of the financial-item package the board approved a set of reappropriations: $28,112 in the general fund, $2,747,497 in the capital projects fund, and $8,632 in the EMS fund to cover committed purchase-order encumbrances from FY24–25. The audit governance letter and statements will be distributed for public record as required by law.
Commissioner Clark asked what percentage the $7 million represented; Vance provided the 13.7 percent figure. Commissioners asked for and were offered additional actuarial detail related to a cohort of roughly 32 retirees linked to city-of-Reno heart-and-lung workers’ compensation claims; Vance said the actuarial estimate is included in the packet and can be summarized later. With no public comment, Commissioner Andriola moved to approve the audit and associated reappropriations and the board approved the motion 4-0.
Vance also noted the district’s emergency fund rules (cited as under NRS) and explained current use policies intended to keep in-district emergency cash available.
