Sandoval County Treasurer's Office officials on Tuesday delivered year‑end updates to committee members, reporting that the county's 2025 tax roll totaled $202,709,927.36, announced a change in the office's lockbox vendor, reviewed the county's recent bank conversion to UMB and summarized quarterly investment performance.

The tax roll was processed Oct. 1, Treasurer Taylor said, and tax bills were scheduled to be mailed the following Wednesday. Chief Deputy Treasurer Jessica McCarlin said the 2025 roll represents $202,709,927.36 charged for collection and includes 151,081 parcels, an increase of 497 parcels from the prior year.

The figures matter because they determine the county's billing and collection workload and affect short‑term cash management, Treasurer Taylor said. Frank McDonald of investment adviser GPA told the committee the total portfolio book yield increased to 3.95% for the quarter, giving the county flexibility and an unrealized gain that can be used if securities must be sold.

Committee members heard several operational updates. The office held its first manufactured‑home auction Oct. 24; the inventory list originally included about 50 properties but only two were scheduled for auction, and no bidders attended, Treasurer Taylor said. Of the remaining properties discussed at previous meetings, staff reported that 48 taxpayers either paid in full or entered installment agreements after receiving delinquency notices. The treasurer said staff plan to schedule a second auction in early spring and will pursue additional advertising to increase participation. Martin Stevens, the office's manufactured‑home specialist, was singled out in committee remarks for his work on outreach and notices.

On collections and customer service, McCarlin said the office will continue outreach to rural communities and included a full outreach calendar with mailed tax bills. The committee was told the office will deploy stanchions and additional front‑window staffing to handle expected increased taxpayer traffic when bills arrive.

Treasury staff also announced a change to the payment lockbox arrangement. Beginning Nov. 3, Bank of Albuquerque will pick up tax payments from the U.S. Postal Service for local processing; the office said it selected Bank of Albuquerque for the coming tax season on a year‑to‑year contract. Treasurer Taylor said the change keeps the lockbox processing inside New Mexico.

Representatives of UMB Bank described the recent conversion after Heartland Financial's New Mexico Bank & Trust was merged into UMB. Melanie Velasquez, market president for UMB in New Mexico, said the client conversion completed Oct. 14 and that branches remain open. Tyler Cisneros summarized conversion work for county accounts and said bank staff will continue to provide local, in‑person support.

“Day 1 went smoothly; customers were able to access accounts with minimal disruption,” Velasquez told the committee.

Investment adviser Frank McDonald presented the quarterly investment report for the period ending Sept. 30. He said the county has $3.3 million invested in the state local government investment pool and approximately $56.3 million at Zions, for total reported investments of about $59.7 million. McDonald said portfolio positioning favored anchoring maturities in the two‑ to five‑year range to capture steeper yields and that the portfolio outperformed the 0–5 year U.S. Treasury benchmark by a small margin over the fiscal and trailing years.

“We're targeting a 3.75% to 4% range on two‑to‑five‑year maturities to lock in yield while retaining liquidity,” McDonald said. He added that the portfolio ended the quarter with an unrealized gain of about $238,000.

Committee members also received program updates: a junior county treasurer program with four students who will give a mock Board of Finance presentation Dec. 10, and reminders about the treasurer's annual Thanksgiving food drive (Oct. 20–Nov. 15) and the toy drive (Nov. 24–Dec. 17). The treasurer's office offered pickup of donated items from local businesses and said the toy drive will distribute stuffed animals to county hospitals and toys to Pueblos and to Cuba, where officials noted greater seasonal need.

Votes at a glance

- Motion to approve the agenda — Passed. Roll call votes recorded supporting the motion by Treasurer Taylor; Deputy Treasurer McParland; Treasury Operations Manager Holly Aguilar; Commissioner Brook; Robert Bridal; Vincent Montoya; Kelly Wainwright; Chairman Meek; Director Cassandra Herrera; and County Manager Johnson.

- Motion to approve the July minutes — Passed. Roll call votes recorded in support by the same roster of voting members present at that time.

Committee members closed the meeting after the investment presentation; Treasurer Taylor said this was the office's final quarterly meeting of the year. The treasurer's office staff asked committee members to note the upcoming mailing of tax bills, the planned early‑spring manufactured‑home auction, and the Dec. 10 junior treasurer presentation for anyone wishing to attend.