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CFO reports fiscal-year-to-date figures, fund‑balance concerns and debt context
Summary
CFO Cindy Vance presented budget-to-actual figures as of Aug. 31, 2025, reporting property‑tax timing effects, a lower-than-expected C‑tax payment, salaries near budget, and a need to raise ending fund balance toward a 16–20% target; she reviewed debt capacity and an insurance valuation figure used for underwriting.
Cindy Vance, chief fiscal officer for Truckee Meadows Fire, presented budget‑to‑actual financials as of Aug. 31, 2025 and briefed the board on revenue timing, expenditure levels and debt issues.
Revenue timing and C‑tax: Vance said the district is over budget year‑to‑date in total revenues because of the timing of property‑tax disbursements (a large August payment). She noted the first C‑tax distribution this year was lower than expected (about $840,000 versus a more typical amount near $950,000) and the state’s local government…
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