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Oversight committee hears FY 24-25 close: $4.7M interest revenue, $5.9M expenditures; ending fund balance $78.5M
Summary
Staff reported FY 24-25 revenue of $4,700,000 (driven by interest), total expenditures of $5,900,000, a beginning fund balance of $79,000,000 and an ending fund balance of $78,500,000; two-month FY 25-26 figures show $589,000 in expenditures and a current balance of $77,900,000.
Finance staff (S2) presented the committee with the Measure W fund close for fiscal year 2024-25 and preliminary two-month results for FY 2025-26.
"The revenue that we have is 4,700,000.0," staff said, attributing the figure largely to interest earned. For FY 24-25 staff reported total expenditures of "$5,900,000." The beginning fund balance was $79,000,000;…
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