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Board ratifies audited FY2023 report and reviews unaudited Sept. 30, 2024 statements with line-item concerns
Summary
The Board ratified Resolution 2024-05A accepting the audited financial report for the year ended Sept. 30, 2023 and received unaudited Sept. 30, 2024 statements; Mrs. Adams flagged engineering and contingency variances and requested Corporate provide invoices for reclassification.
Mrs. Adams presented Resolution 2024-05A accepting the audited financial report for the fiscal year ended Sept. 30, 2023; the Board ratified the resolution.
Mrs. Adams then reviewed unaudited financial statements as of Sept. 30, 2024 and identified apparent misclassifications and variances: General Fund "Engineering" at 209% of budget, "Contingencies" at 421% of budget due to a $4,209 landscaping expense that should be under "Other contractual," an NPDES reporting filing item at $19,805 (152% of budget), and a debt service (principal & interest) 2022 note item at $74,480 (205% of budget). She asked Corporate for paid invoices to reconcile items and Mr. Blumenthal requested the report date be updated to reflect his last update.
