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Board hears FY25 financial report and says revenue growth may avoid fee hike; testing capacity expands
Summary
Finance staff presented the FY25 annual financial report and preliminary FY26 updates showing higher licensing/exam revenue; board also discussed expanded testing capacity in Waco, Austin and Harlingen and adoption of 3D‑printed fittings for practical exams to reduce costs and speed throughput.
Finance staff presented the board’s FY25 annual financial report and an FY26 year‑to‑date revenue update at the Dec. 3 meeting. Licensing and examination revenues for the opening quarter were reported up roughly 5% compared with the same period last year, and staff said that continued growth could avoid a fee increase for licensees.
Dan (finance) reviewed the basic financial statements and…
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