Commission approves temporary fund transfers and budget adjustments to cover grant reimbursements and invoices

The Colfax County Commission approved temporary transfers and several budget adjustments to provide cash flow for reimbursable grant expenditures and to clear invoices.

The commission approved Resolution 2025-018, authorizing two temporary transfers from the general hold-harmless guarantee fund to float grant reimbursements: a $325,000 transfer to the capital projects fund for multiple FAA Angel Fire Airport grants and a conservative $120,000 temporary transfer to Angel Fire Airport operations to cover invoice timing for the rural air service contract. The county finance staff said those transfers will be returned when reimbursements arrive.

The commission also approved Resolution 2025-019, a set of budget adjustments across multiple funds. The packet summarizes $115,000 of net increases in the general fund to cover overexpended line items and invoices, plus adjustments in fire protection, the YES program, airport operations (including liability insurance), and grant revenue increases for a fiber-planning grant (an added $75,000 to reflect ArcGIS license and engineering planning costs).

Finance staff briefed commissioners that the county holds roughly $19 million in cash across governmental funds with about $7 million in general fund cash and $16 million in investments; they described needed general-fund adjustments of roughly $115,000 within the overall budget process. Staff noted two temporary transfers are intended to be reimbursed when grant funds arrive and that reimbursements for some airport work are expected promptly.

Commissioners voted to approve both resolutions on roll call.