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RCA board receives FY25 audited financial statements; auditors issue clean opinion
Summary
Deputy Finance Director Jennifer Fuller and Brown Armstrong partner Lindsey Zimmerman reported an unmodified (clean) audit opinion for FY25, noting RCA's net position rose about $74 million to $769 million, driven largely by capital grants, contributions, and mitigation fees; the board adopted the audited statements 17-0.
The RCA board received the fiscal year 2025 audited basic financial statements and adopted the item on the consent agenda. Jennifer Fuller, deputy finance director, introduced the file and told the board that "the auditors have issued an unmodified or clean opinion with this year's audit." Staff announced the action passed by a 17-0 tally.
Fuller summarized the year: RCA's net position increased by approximately…
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