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Council presses for completed audits and cautions on large spending while fund balance is unclear
Summary
Finance director Victoria Sanchez told the council she is reconciling reserves and closing delayed audits and expects to report more complete fund‑balance information by mid‑2026. Councilors voted to hold some capital spending until audits and reconciliations provide a clearer picture of available funds.
The Alpine City Council spent substantial time reviewing the city’s fiscal position and audit timeline after Finance Director Victoria Sanchez summarized a months‑long effort to reconcile reserves, identify expenditures tied to specific funds and close overdue audits. Sanchez said she is researching reserve commitments dating back several years and working with auditors to close fiscal‑year audits; she set a goal of completing the outstanding audit work in 2026 and said the city is still reconciling ARPA (American Rescue Plan) expenditures.
Why it matters: Councilors said they approved a fiscal year budget that relied on fund balance to close a projected gap and expressed concern that substantial capital plans may be premature until the audits and fund balance…
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