CCRPC reports roughly $100,000 surplus through May, flags indirect‑cost risk for FY27

Forest Cohen, Business Director, told the Chittenden County Regional Planning Commission Executive Committee on Aug. 6 that CCRPC’s FY25 revenues exceeded expenses by about $100,000 through the end of May.

"Altogether, CCRPC has about $100,000 more revenue than expenses through the end of May," Cohen reported, noting that MPO staff billing was at about 95% and that the Agency of Commerce and Community Development (ACCD) grant tied to ECOS Plan work had been mostly expended by May.

Cohen cautioned that the apparent surplus reflects some overcollection of indirect expenses and that the commission could see reduced net revenue in FY27 as those indirect‑cost adjustments settle. He said net revenue was expected to fall to roughly $60,000 by the end of June. Committee members asked for additional context: Jeff Carr, representing the finance committee, requested a corresponding income statement and year‑over‑year comparisons; Charlie Baker, Executive Director, confirmed the requested data are included in the provided revenue and expenses materials and said a first draft of year‑end financials should be ready for the September committee meeting.

Carr and committee members also discussed audit expenses, noting that annual audit costs (auditor: CBIZ) are higher this year; committee members described the auditing expense as worthwhile for assurance. Baker and Finance staff committed to providing the supplemental reports requested by committee members.

The committee did not take a formal vote on any financial policy at the Aug. 6 meeting; members asked staff to return additional financial detail at the next meeting.