Copper Mountain district reports $910,000 asset decrease; FY26 expenses forecast $3.2M under budget
Clerk-Treasurer Carolyn Russo reported assets decreased by $910,000 (AR down $796,000, cash down $114,000); FY26 revenue is forecasted down $365,600 while FY26 expenses are forecasted $3.2 million under budget, largely due to WWTP project timing.
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Carolyn Russo, the district’s clerk-treasurer, told the board that the statement of net position showed assets decreased by $910,000 compared with April 2026, driven primarily by a $796,000 drop in accounts receivable and a $114,000 decrease in cash. She reported year-to-date revenue was $62,000 lower than the prior year because of reduced interest income, partially offset by an $18,200 increase in condo rental income and $100,000 of SFE lease revenue not originally in the budget.
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