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Executive Finance Committee recommends FY24 audit report to full board after audit shows no findings

Rutland Regional Planning Commission — Executive Finance Committee · December 10, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

After a detailed presentation of FY24 accounting entries, the Executive Finance Committee voted to recommend the FY24 audit report — noting a $90,534.43 year‑end net loss driven largely by project‑specific and noncash items — to the full board for approval.

The Executive Finance Committee voted on Dec. 9 to recommend the Rutland Regional Planning Commission’s FY24 audit report to the full board after a staff presenter summarized the audit and identified several noncash accounting items that affected the year‑end results.

The presenter said, "the year ended with a net loss of 90,534.43," and explained that "$81,264 of that was the Rutland Creek Path" project for which the commission serves as fiscal agent. The presenter also said the RRPC net‑loss line was reported as "$9,270.43"…

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