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Finance staff report $46.6 million in FY2025 BLW audit; total net position up about 9%
Summary
Finance staff presented the fiscal year 2025 BLW audit, citing a $46,600,000 figure and an approximate 9% increase in total net position; accounting details and liabilities (including OPEB) were noted. The Jan. 6, 2025 minutes were moved for approval; no formal vote is recorded.
Finance staff presented a brief synopsis of the fiscal year 2025 BLW audit and reported a headline figure of $46,600,000, saying the jurisdiction had "a very good year." The review emphasized accounting basis, fund balances and recorded liabilities.
The Chair opened discussion by asking who would present the audit and then said they would serve as presenter. A finance department representative said the finance office "partners with an…
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