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Board weighs modest service increases, training and selective capital as FY25 surplus outpaces planned drawdown
Summary
Finance staff reported a $10.4 million adjusted fund balance for FY25 and recommended budget scenarios; board signaled support for a cautious, modest increase in client services and for using some surplus for one-time shared services or training rather than recurring hires.
Finance staff presented the FY25 wrap-up and available fund-balance calculation, noting a stronger-than-expected revenue year that left the board with more available funds than planned.
Melanie said the adjusted FY25 fund balance totaled $10.4 million. After backing out a three-month reserve of roughly $3.2 million, staff calculated an available fund balance of about $7.2 million. The FY26 budget assumes using $1.9 million of fund balance; once that is accounted for staff said the…
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