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Ken-Caryl finance director reports stronger-than-expected 2024 balances; debt service fund closed
Summary
At a regular meeting, Finance Director Lauren Sweeney told the Ken‑Caryl Metropolitan District board that a final settlement and tax distributions left several funds healthier than budgeted; the district officially closed its debt service fund and shifted remaining balances into capital reserves.
Finance Director Lauren Sweeney reported that the Ken‑Caryl Metropolitan District closed 2024 with several positive fund balances and that the district has formally closed its 10‑year debt service fund.
Sweeney told the board that a final PMD settlement of $652,000 contributed to a PMD fund balance “just over $1,100,000.” She said the debt service fund was closed at the end of 2024 and that the final property tax distribution of $10,325.88 was transferred to…
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