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Boca Raton posts clean FY2025 audit; ACFR shows $1.16B net position and staff rolls out first PAFR and investment update
Summary
The city's independent auditors issued a clean opinion on the FY2025 Annual Comprehensive Financial Report; staff highlighted $1.5B in total assets and $1.16B net position, and released a first Popular Annual Financial Report. Treasury reported a blended portfolio yield of 3.79% for FY2025 and explained a year‑to‑year drop in reported investment earnings stemmed largely from unrealized market gains in FY2024.
Deputy CFO Carlisha Jenkins presented the city's FY2025 Annual Comprehensive Financial Report (ACFR) and said the city ended the fiscal year with roughly $1.5 billion in total assets, $739 million in capital assets, and a net position of about $1.16 billion — a net increase of approximately $72.4 million compared with the prior year. The general fund unassigned fund balance finished at about $96.36 million, roughly 26.9% of budgeted…
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