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Board accepts December unaudited statements and discusses 10-year forecast including Lake 8 project
Summary
The Board accepted unaudited financial statements as of Dec. 31, 2024; staff will work on a 10-year forecast that includes the Lake 8 stormwater project, asphalt and gutter repairs, and replacement of aging irrigation pipes.
Mrs. Adams presented the unaudited financial statements through Dec. 31, 2024 and explained accounting recoding moves that shifted certain engineering expenses to the Special Revenue Fund and transferred $4,343 from Contingencies to the Landscape General Fund outside the gates.
Supervisor Kurt Blumenthal noted unassigned working capital carried into FY2025 and said the district appears on sound financial footing. Mr. Long said additional forecast items will include the Lake 8 stormwater management project, asphalt and gutter repairs, and replacing 31-year-old irrigation pipes; staff will produce a 10-year forecast for future board consideration.
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