Authority reports higher parking and property-tax revenues, net operating surplus; affordable-housing trust fund awards noted

Staff presented the authority’s March 31 financials and a monthly financial report. Key points presented by Chris Green included:

- Parking revenues year-to-date: $5.8 million, about $430,000 higher than the prior year. - Property-tax collections: $4.4 million, approximately $1.3 million higher than the prior year; staff attributed the increase to higher assessed property values and timing differences in receipts. - Developer assistance: $1.3 million, about $600,000 lower than last year due to timing of Santa Fe bond payments. - Program support from the city: $2.5 million this year compared with $2.9 million last year; prior-year receipts included reimbursements tied to specific projects.

Operating fund revenue year-to-date totaled about $8.8 million, roughly $1.25 million lower than the prior year; operating expenses were also lower overall. Net monthly average income was approximately $285,000. The monthly/annual reports noted a net operating surplus of about $4.5 million this year compared with the expected $784,000, in part because of the $2.6 million land sale of the 311 North Boulder lot.

Affordable Housing Trust Fund: staff reported four projects had received about $1.6 million in awards; approximately $1.33 million of that had been issued, leaving roughly $316,000 available in the fund. Of the issued amount about $1.26 million remains outstanding on receivables (a mix of short- and long-term receivables per the report).

Ending: Staff said there were no unexpected revenues or expenditures in the month and invited trustees to review the full financial packet; staff noted ongoing tracking of parking repairs and project-level spending in separate funds.