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Board accepts unaudited December financials and sets up 10-year forecast; Lake 8, irrigation and paving flagged as priorities
Summary
The board accepted unaudited financial statements dated Dec. 31, 2024, discussed recoding expense lines, and directed staff to produce a 10-year forecast including Lake 8 stormwater work, asphalt/gutter repairs, and replacement of 31-year-old irrigation pipes.
Cleo Adams presented the unaudited financial statements as of Dec. 31, 2024. The meeting record states accounting is recoding expenses that caused the Engineering budget to exceed plan to the Special Revenue Fund and recoding $4,343 from Contingencies to the Landscape General Fund outside the gates.
Kurt Blumenthal noted unassigned working capital carried into Fiscal Year 2025 and said he and Eric Long are preparing a 10-year forecast to present at a future meeting. Mr. Long added forecast items including the Lake 8 stormwater management project, expected asphalt and gutter repairs, and replacement of 31-year-old irrigation pipes. The Board accepted the unaudited statements; no audit exceptions or external review were reported in the transcript.
