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Bonner County Ambulance Service District reviews finances; board plans TAN decision in November
Summary
Board reviewed FY26 starting balance (~$1.45 million), projected payroll and expenses, and discussed timing for a potential tax anticipation note to cover the January tax-draw period if needed.
The Bonner County Ambulance Service District board on Oct. 15 reviewed an updated financial outlook for fiscal year 2026 and discussed a plan to decide on a tax anticipation note at its first November meeting.
Bookkeeping staff reported the district rolled the year over with about $1,450,000 in the bank and projected payroll for the next eight pay periods at roughly $1,120,000. The staff presented projected overall expenses for the gap period at about $1,520,000 and projected revenues that would leave between $400,000 and $500,000 in the bank by the end of the gap period. The board compared that to last year’s October ending balance of $142,600.
Staff and commissioners flagged risks that could affect cash flow: a federal government shutdown has paused the billing company’s submissions until Oct. 27, which could delay reimbursements from federal payers (Medicare, Medicaid, VA). The billing company told the board it is holding submissions to avoid additional administrative costs if federal processing is interrupted. The board said delays would not materialize immediately but could impact cash flow if a billing span overlaps a shutdown period.
Commissioners discussed the appropriate size and timing of a tax anticipation note (TAN) to ensure liquidity through the January tax draw. The board did not set a final TAN amount at the meeting; the clerk and legal counsel were asked to prepare paperwork and boilerplate from the prior year so the board can make a timely decision. The board indicated the TAN decision will be placed on the docket for the first meeting in November so the schedule for initiating the TAN can be met ahead of January distributions.
Chief Lindsey and staff emphasized the district’s stronger cash position this year compared with last year, but commissioners asked the administration to identify a cutoff date for deciding on the TAN and to prepare materials so the board can act if needed. The board discussed the goal of increasing reserves toward a target discussed in prior meetings (referenced as a $2,000,000 reserve goal), but did not adopt a new reserve policy at this session.
The meeting record shows no formal votes were taken on borrowing at this session; the board scheduled follow-up work for the November meeting.
