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FY2025 4th Quarter Financial Report
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The financial report for the quarter ending June 30, 2025, has been submitted to the Board for review and informational purposes. This document provides a comprehensive year-end financial overview, comparing actual expenditures against the approved FY2025 budget. The analysis incorporates verified financial data, current economic trends, and historical performance benchmarks to offer a well-informed projection of the Water Authority's fiscal standing.
Please note that all figures presented in this report are unaudited and may be subject to revision upon completion of the formal audit process.
Key Highlights:
* Budget vs. Actuals Comparison:
A detailed breakdown of expenditures through June 30, 2025, is presented alongside the original FY2025 budget allocations. This comparison identifies variances, underspending, and areas of over-expenditure, providing valuable insight into operational efficiency and financial discipline.
* Forecasting and Trends:
Projections for year-end performance are based on actual financial activity, emerging trends, and historical data. These forecasts help inform strategic planning and resource allocation for the upcoming fiscal year.
* Investment Portfolio Review:
The report includes an updated analysis of Water Authority Investments, highlighting portfolio performance, risk exposure, and alignment with long-term financial objectives.
* Performance Plan Scorecard:
Key metrics from the FY2025 Budget Performance Plan Scorecard are summarized, highlighting progress toward strategic goals, including sustainability initiatives, infrastructure improvements, and customer service benchmarks.
* FY2025 One-Year Objectives Results:
The report evaluates the completion status of the Water Authority's one-year objectives for FY2025. It highlights achievements in priority areas such as capital project delivery, operational efficiency, and workforce development, while identifying objectives that require...
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