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Board ratifies audited FY2023 report and reviews unaudited Sept. 30, 2024 financials with noted variances
Summary
The board ratified Resolution 2024-05A accepting the audited financial report for the fiscal year ended Sept. 30, 2023. Mrs. Adams reviewed the unaudited Sept. 30, 2024 statements, noting several budget variances (Engineering 209% of budget; Contingencies 421%) and directed staff to reconcile invoices and correct ledger items.
The board ratified Resolution 2024-05A to accept the audited financial report for the fiscal year ended Sept. 30, 2023. The motion was approved unanimously.
Mrs. Adams then presented the unaudited financial statements as of Sept. 30, 2024 and identified possible misallocations and items needing correction: General Fund "Engineering" showed 209% of budget, "Contingencies" was at 421% because $4,209 should be under "Other contractual" as a landscaping expenditure, and an NPDES reporting filing item of $19,805 equates to 152% of budget. She requested copies of paid invoices and a ledger review to reconcile and correct entries for the next reporting cycle.
