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Board ratifies audited FY2023 report and reviews unaudited Sept. 30, 2024 financials for corrections
Summary
The Board ratified Resolution 2024-05A accepting the audited financial report for the fiscal year ended Sept. 30, 2023. Mrs. Adams then presented unaudited financial statements as of Sept. 30, 2024, noting apparent misallocations in several line items and requesting paid invoices to reconcile the ledger.
Mrs. Adams presented Resolution 2024-05A to ratify acceptance of the audited financial report for the fiscal year ended Sept. 30, 2023; on motion by Mr. Schultz and seconded by Mr. Blumenthal, the Board ratified the resolution "with all in favor."
Mrs. Adams then distributed the unaudited financial statements as of Sept. 30, 2024 and called attention to several issues: General Fund "Engineering" showed 209% of budget, suggesting expenditures that should be under the Special Revenue Fund were included; "Contingencies" was at 421% because a $4,209 landscaping charge appears misallocated; and a General Fund "NPDES reporting filing" item showed $19,805 (152% of budget). Mrs. Adams will request paid invoices from Corporate to investigate and correct the General Ledger; Mr. Blumenthal asked that the report date be updated to July 15 or 20, 2024.
