Jun 29, 2026Board meeting
Administration and Finance Committee Committee Meeting
The committee meeting primarily featured a presentation regarding the FY2025 audited financial statements by external auditors from Rabino and Company. Discussions covered the qualified opinion related to pension and OPEB plan information, the current status of unrestricted cash reserves, and improvements in pension and OPEB liability. The auditors also detailed significant increases in HUD operating revenue, HAP payments, and discussed future changes to accounting presentation formats. Additionally, the auditors confirmed that they found no compliance issues or internal control matters regarding the major federal programs audited.