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Ken-Caryl finance director reports $652,000 PMD settlement, debt service fund closed; general fund near $2.9 million
Summary
Finance Director Lauren Sweeney told the Ken‑Caryl board that a $652,000 PMD settlement lifted the PMD fund balance to about $1.1 million, the district closed a 10‑year debt service fund, and the general fund finished 2024 near $2.9 million with final vendor invoices pending.
Lauren Sweeney, the district’s finance director, told the Ken‑Caryl Metropolitan District board that a $652,000 settlement tied to the PMD fund boosted that fund’s year‑end balance to about $1,100,000.
Sweeney said the district also closed its debt service fund at the end of 2024 after completing the accounting for a 10‑year bond. She reported that the final property‑tax distribution associated with that fund totaled $10,325.88 and was transferred to the capital reserve fund to be designated for a future capital project.
The finance director said general‑fund revenues came in modestly above…
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