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Quarterly financial report: county cash lower year‑to‑date but property‑tax receipts expected to raise reserves
Summary
The county’s October quarterly financial presentation showed lower cash and cash equivalents compared with the previous year, but staff said property‑tax receipts expected by January should add about $3 million and bring reserves near last year’s level.
San Juan County’s third‑quarter financial report, presented at the Oct. 21 commission meeting, shows a year‑to‑date decline in cash and cash equivalents compared with the same point in 2024 — a decrease staff attributed primarily to timing differences in recording property‑tax revenue.
Mac, the county administrator/finance presenter, explained the county’s general checking and cash positions and noted that property‑tax statements had been mailed but the county had not yet recorded this year’s property‑tax revenue in the accounting for the quarter. He said staff expects about $3 million of property‑tax revenue to be posted and that, when recorded, the county’s cash position should be at or slightly above last year’s levels. Mac also noted that most departments were operating within their revised 2025 budgets.
The report described revised budgets for some departments (management adjusted figures where departments had overspent or otherwise required changes) and noted a projected change in net position of roughly $4,052,000 in the third column on page 17 of the report; about $3 million of that relates to the pending property‑tax recording. The presenter said the final quarter of the fiscal year is typically busy with revenue postings and that staff expects year‑end adjustments in December.
Commissioners discussed budgeting logistics and asked for department‑level percentages of spending to be included in future monthly reports so budget managers and the commission can see how much each department has expended year‑to‑date. The county administrator proposed scheduling budget hearings in November and early December, with department managers presenting requests and justifications; commissioners agreed that the hearing process and use of the budget software would provide a clear record of recommended changes.
No formal action was required for the quarterly report; commissioners asked staff to provide department‑level percentage summaries and to begin scheduling budget hearings.
