The Finance & Risk Management Committee received the treasurer’s report for the period ending Nov. 30, 2024, on Jan. 16.

Dr. Eric Washington, chief financial officer, reported a net position of $58,600,000 for the period after $696,000,000 in net revenue and $637,000,000 in expenses. He said year‑to‑date net revenue exceeded budget by about $23,500,000 while expenses were over budget by about $53,800,000, which reduced the net favorable variance but the agency still made a positive contribution to reserves.

Washington reported unrestricted cash of $417,000,000 year to date and total liquidity, including access to the agency’s line of credit, of $583,000,000. The agency’s outstanding debt was reported at $47,000,000. He said unrestricted cash represented about 135 days cash on hand; including the line of credit, cash on hand equated to 201 days. He noted the agency’s target is 180 days cash on hand and said staff had made progress toward that target.

The presentation included a graphic showing participation in Community Power’s clean energy programs at roughly 95–96 percent. Washington said participation rates have been steady and most opt‑outs occur shortly after a jurisdiction is enrolled.

Committee members asked follow‑up questions about participation trends and the holder of the line of credit; Washington said the line of credit is with JPMorgan Chase Bank. There were no public comments. The item was received for the record; no committee vote was required.