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CCRPC Executive Committee reviews FY2025 finances, recommends 4% municipal dues increase
Summary
The CCRPC Executive Committee reviewed FY2025 year-end financials showing roughly $1 million in operating and reserve accounts and an estimated $95,220 net income, and unanimously recommended a 4% increase in FY2027 municipal dues to the full board.
The CCRPC Executive Committee reviewed its FY2025 year-end financials and voted to recommend a 4% increase in municipal dues for FY2027.
Forest Cohen, CCRPC business director, told members the commission has "about $1M in the bank between operating and reserve accounts" and an estimated net income of $95,220 at year end. He said revenue and expenses rose by about $2.5 million compared with the prior year because of large pass-through projects such as CCCUD funds, the Urban and Community Forestry Grant and a RAISE grant. Cohen also reported roughly $500,000 currently in the reserve account and staff would like to grow that by about $250,000.
The committee discussed the reserve target and the commission's indirect cost rate. Executive Director Charlie Baker said 70% of CCRPC funding is federal and that a sudden loss of federal funds would make a three-month operating reserve necessary; he explained staff are using $100,000 of regional planning grant funds to match federal transportation planning funding. Forest Cohen noted a possible slightly high indirect rate that could account for some surplus and flagged uncertainty at the federal level as a risk.
On municipal dues, Cohen said staff used the Employment Cost Index to recommend a 4% increase; applied against equalized education grand lists, the change equates to about $11,000 in total assessed dues. Andy Montroll moved to recommend the 4% increase to the full board; Chris Shaw seconded and the motion passed unanimously.
The auditor is expected to provide more final results in November. The committee directed staff to present the recommended dues schedule to the full board at the October 15 meeting for final action.
