TO: Lake Berryessa Resort Improvement District Board
FROM: Tracy Schulze - Auditor-Controller
REPORT BY: Georgina Panganiban - Deputy Auditor-Controller
SUBJECT: Authorization to prepare necessary entries to close the financial books for the fiscal year ended June 30, 2025.
RECOMMENDATION
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Authorize preparation of the necessary accounting entries to close the financial books for the fiscal year ended June 30, 2025. (Fiscal Impact: $4,809,808 Expense; Lake Berryessa Resort Improvement District Fund; Not Budgeted; Discretionary)
[4/5 vote required]
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BACKGROUND
The Auditor-Controller anticipates completing all the necessary accounting entries to close the financial books for the fiscal year ended June 30, 2025 by Tuesday, September 30, 2025.
There are no changes requiring Board approval to the financial records for Lake Berryessa Resort Improvement District for the year ended June 30, 2025. In addition, there are no changes to fund balance commitments or restrictions - the district will maintain the fund balance restriction in the amount of $150,151 for FEMA/CALOES revenue received for the 2017 Storm Event. Funds are restricted until the projects are fully audited and can be released,
However, on June 24, 2025, your Board approved estimated amounts of remaining budget and related contracts for continued projects to be carried forward into the following year. The item presented today is to ratify final amounts resulting from completing all accounting entries through June 30, 2025.
The six capital improvement projects to be completed in Fiscal Year 2025-26 or beyond are as follows:
Project 19007
Ponds Inflow Mitigation Project was created in September of 2018 for the purpose of sewer collection system inflow and infiltration studies after heavy rainfall in the winter of 2017 caused a series of spills into the environment. The carryover appropriations amount is $1,563,653, fully funded by carryforward grant revenue of the same amount from the Californi...
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