1. Clean FY 2025 Audit Opinion — Financial Statements Fairly Presented The Pun Group presented the audited financial report for the years ended June 30, 2025, and 2024. The auditor reported an unmodified, or clean, opinion: the financial statements are fairly presented in all material respects. Net position rose from approximately $1.0 million to $1.3 million, including an increase in unrestricted net position from about $1.0 million to $1.2 million. Program revenue rose from $7.2 million to $9.5 million, while expenses rose from $6.6 million to $9.3 million. The committee received the draft report; staff said the final report would be submitted to the full Board. Staff also said $280,000 borrowed for operations and $1.2 million borrowed for grant expenses during FY 2025 had been repaid by June 30.
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