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Accounting manager reports $38.6M in cash and investments at 2025 year-end
Summary
Andrew Sherr, accounting manager, presented pre-audit financials showing cash and investments ended 2025 at $38,600,000, a $3.9M decrease from the start of the year; he also noted a $500,000 personnel adjustment and grants receivable totaling $3,500,000.
Andrew Sherr, the district's accounting manager, reviewed pre-audit financial statements and cautioned that balance-sheet adjustments remain while the profit-and-loss statement is relatively stable. "Cash and investments ended 2025 at 38,600,000," Sherr said, adding the general fund declined while water and sewer funds showed year-end increases driven by transfers and grants.
Sherr itemized several significant balances: a $6,800,000 transfer from general fund to water fund for Magic Creek construction; property tax receivable of $6,400,000; grants receivable of $3,500,000; and noncurrent long-term debt of approximately $17,300,000 (largely SRF loan draws). He also noted an earlier $500,000 personnel-related adjustment that will affect final year-end close.
