Acting as directors of the Sacramento County Tobacco Securitization Corporation on Oct. 7, the board approved minutes of a prior meeting, adopted the fiscal year 2025–26 recommended budget and received and filed the fiscal year 2024–25 audited financial report.

Colin Bettis, county debt officer, told directors there were no significant changes from the prior year’s budget request but that audit services were increasing and that there was an increase in prior-year treasury costs invoiced late and payable in the current fiscal year. Bettis said the auditors rendered an opinion that the audited financial information was presented fairly in all material respects.

A director moved to adopt the recommendations and the package passed unanimously with those members present.