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Council auditor reports unaudited $33.6M net growth but warns numbers are unaudited; JTA shows $19M overrun
Summary
Council Auditor Kim Taylor presented the quarterly summary showing unaudited results, explained a $92M current‑year variance that largely reflects carryforwards and a $33.6M net increase to operating reserves (before appropriations), and flagged independent authority JTA’s $19M net overrun driven by paratransit and bus operations.
Council Auditor Kim Taylor delivered a detailed quarterly summary to the Finance Committee on Jan. 6, stressing the figures were unaudited and subject to year‑end adjustments. "These are unaudited numbers, the books are not closed yet," Taylor said, warning that a reported $92 million favorable variance does not directly add to operating reserves because many favorable variances are carryforwards into the next fiscal year.
Taylor outlined that the unaudited accounting snapshot would translate…
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