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Commission hears FY‑24 fund‑balance review, approves $33M GO bond sale and clears $571K in obsolete receivables; adopts economic‑development community dialogues
Summary
Finance staff presented the county's unaudited FY‑24 fund balances and the board approved General Obligation Bond Series 2025 sale, authorized write‑off of certain time‑barred receivables and adopted a resolution creating a community dialogue process around economic development incentives and benefits.
Bernalillo County officials presented an unaudited FY‑24 fund‑balance report on March 25 and the Board of County Commissioners took several finance and economic development actions: they approved the County’s General Obligation Bond Series 2025 sale, approved removal of $571,000 in uncollectible accounts receivable and adopted a resolution directing a community engagement process for economic development incentives and benefits.
Deputy County Manager for Finance Shirley Reagan walked commissioners through the fund‑balance framework and categories the county tracks: non‑spendable items (inventories), restricted special‑revenue balances, committed and assigned funds and unassigned reserves. Reagan said the county’s unaudited general‑fund fund…
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