YUBA CITY — At its Dec. 10 meeting, the Sutter Butte Flood Control Agency approved the consent calendar and received its monthly financial report through October 2025.

Finance staff reported ending working capital of about $15.5 million and approximately $17.5 million pending. Assessment revenue recorded for the period was about $750,000, with roughly $270,000 in interest income. Staff identified about $4.6 million of anticipated grant revenue that remains pending. Paid expenditures through the reporting period totaled roughly $8.3 million, much of which staff attributed to Phase 2 construction of the flood risk reduction project.

Agency staff also noted the next debt service payment of $602,000 tied to the recent refinancing is due April 1. ‘‘Our audit is still underway,’’ finance staff said.

A board member highlighted the agency’s recently completed bond refunding, reporting it will ‘‘save the agency a little over $4,300,000 over the next 15 years, [with] a net present value of $3,360,000, and an annual reduction or savings of about $287,000 per year.’’ The board offered praise for staff work on the refunding.

The consent calendar was approved by voice vote after a motion and second; the board recorded no opposed votes and moved on to program updates.

What’s next: agency staff said auditors remain engaged and will continue to report on results at upcoming meetings. The board is scheduled to reconvene in February 2026.