0:46
Speaker A
24:48 - 25:35
"For the lease receivables and deferred inflows in Harbor Enterprise Fund, which also is included in the business type activities, we found that leases had been valued incorrectly. And I know this is something that finance is working on currently to correct, but we found about $8.6 million of lease receivable and deferred inflows."
“For the lease receivables and deferred inflows in Harbor Enterprise Fund, which also is included in the business type activities, we found that leases had been valued incorrectly. And I know this is something that finance is working on currently to correct, but we found about $8.6 million of lease receivable and deferred inflows.”
- Speaker
- Speaker A
- Timestamp
- 24:48 – 25:35
- Community
- Alaska News
- Location
- Juneau
- Captured at
- June 3, 2026
From the transcript
For the lease receivables and deferred inflows in Harbor Enterprise Fund, which also is included in the business type activities, we found that leases had been valued incorrectly. And I know this is something that finance is working on currently to correct, but we found about $8.6 million of lease receivable and deferred inflows. So again, that's a balance sheet impact only, but again, it's how those values get included and reported in your financial statements. And then for your Airport Enterprise Fund and the— again, that's included in your business type activities. There was an adjustment that was included in a reconciliation that had a note that this needs to be posted and it never got posted.
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