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Board ratifies audited financials and reviews unaudited statements with line‑item questions
Summary
The board ratified the audited financial report for FY ended Sept. 30, 2023 and reviewed unaudited financials as of Sept. 30, 2024; Mrs. Adams flagged possible misclassifications (Engineering at 209% of budget; Contingencies at 421% due to a $4,209 landscaping charge) and staff will request invoices to correct ledger entries.
Mrs. Adams presented and the board ratified Resolution 2024‑05A accepting the audited financial report for the fiscal year ended Sept. 30, 2023. On motion by Mr. Schultz and seconded by Mr. Blumenthal, the resolution was ratified "with all in favor."
Mrs. Adams also reviewed unaudited financial statements as of Sept. 30, 2024 and highlighted several items for follow‑up: General Fund 'Engineering' showed 209% of budget, suggesting expenditures that may belong under the Special Revenue Fund; 'Contingencies' showed 421% of budget because $4,209 should be under 'Other contractual' as landscaping. She will request paid invoice copies from Corporate to reconcile and correct the ledger in the next financial statements.
Mr. Blumenthal and Mr. Adams asked for corrections and clarification on several entries including NPDES reporting filing and Series 2022A note expenses; staff will investigate and update the board at a future meeting.
