Finance director details FY25 year‑end amendments, board approves adjustments

Finance Director Heather Wood presented a comprehensive set of fiscal year‑end budget amendments intended to reconcile revenues and expenditures incurred in fiscal year 2025. Wood explained adjustments across a number of funds and department groupings and said some transfers and appropriations from fund balance were necessary to cover timing differences in invoice processing and revenue recognition.

Key items presented in the update included: adjustments that increased the general fund by grouped department changes (Wood cited specific departmental adjustments such as a $247,079 increase for a grouped set of departments), additional appropriations to public safety to cover revenue shortfalls (the transcript refers to a shortfall figure and a related appropriation), reductions in some economic and revenue departments tied to state reimbursements, and appropriations from fund balance (the transcript cites an appropriation of $1,699,371 and total fund balance adjustments of $2,317,737). Wood described the timing driver: invoices and revenues that post after year‑end require adjustments now to close FY25.

Commissioners asked clarifying questions about the meaning of numbers shown in red versus black, whether fund balance would remain available, and the timing of final figures (Wood said final results will not be available until September when late invoices and certain revenues are posted). The board voted to approve the presented amendments.

What happens next: staff will close FY25 after receiving July and September postings, and auditors will complete the single audit work under the amended audit contract.