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Finance staff: preliminary 2024 results show $10.3 million positive change in net position
Summary
A staff presenter told the board preliminary, pre‑audit 2024 financial statements show a $10.3 million positive change in net position and $7.4 million more cash, with several year‑end adjustments and a $3.7 million funding request to 'SRM' yet to be finalized.
A staff member presenting preliminary, pre‑audit financial statements told the Sunnyside‑Tahoe City meeting that 2024 closed with strong results: "very favorable on the p and l side" and a reported $10,300,000 positive change in net position and about $7,400,000 more on the cash side. The presenter said several year‑end balance‑sheet adjustments remain to be made and noted accruals of grant revenue for trails and a booked‑back $3,700,000 request to "SRM" for funding.
The presenter emphasized the figures were preliminary and pre‑audit, saying they were provided to show "where we landed, from a p and l scope, in relation to budget for 2024." The staff member said some adjustments already had been made and that overall results were "pretty close to budget," with some expense savings and slightly higher revenue than projected.
The transcript does not define the acronym "SRM," and the presenter did not provide additional detail about the $3.7 million request in the recorded remarks. No formal vote or action on the financial statements was recorded in the transcript; the presenter offered to answer questions and participants thanked the presenter. The meeting transcript does not include a calendar date for the session in which these remarks were made.
