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CCRPC reports balanced FY23 third-quarter finances; auditor bid, cash reserves and payroll authority discussed
Summary
At its June 14 meeting the Chittenden County RPC reviewed FY23 third-quarter finances showing revenues and expenses essentially even through March, heard a single-auditor proposal at $40,000, discussed a target three-month cash reserve, and authorized the executive director to spend up to 100% of the FY24 salary budget following an executive-session vote.
The Chittenden County Regional Planning Commission’s Joint Executive and Finance Committee reviewed its FY23 third-quarter finances on June 14, reporting that revenues and expenses were essentially even through March and outlining several near-term budget and audit decisions. Forest Cohen, the CCRPC senior business manager, presented the balance sheet showing $343,552 in operating checking, $409,179 in a money market reserve, current assets over liabilities of $876,329 and deferred income for community match of $143,798.
Cohen told the committee the organization used $100,000 in Agency of Community and Cultural Development funds toward MPO match through March 31, 2023. He said the final quarter of the fiscal year is typically the strongest revenue…
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