Board hears surplus‑property bid and finance update showing narrowed draft deficit
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Summary
Staff reported a highest responsive bid of $28,024.07 for surplus property at 1720 Colorado (appraisal district value $48,090) and said a draft general‑fund deficit improved to 3.8% from the adopted 5.7%; auditors and OMB changes will be presented in January.
The board received a report on a declared surplus parcel and a finance update showing improved draft results for the general fund.
An unidentified presenter (Speaker 11) said the board previously declared the property at 1720 Colorado surplus, solicited bids and received two; the highest responsive bid reported was $28,024.07 while the appraisal district lists the 2025 value as $48,090. "So I'm bringing this to the board," Speaker 11 said, listing two options: approve the purchase price or decline it, and noting the board could authorize further review. Speaker 11 said they had not had the parcel reappraised but were using appraisal‑district values for context.
On finance, Speaker 11 said the FY24‑25 general‑fund numbers remain unaudited and described a draft showing a 3.8% deficit compared with the previously adopted 5.7%. The presenter said final audit presentation will be scheduled for the January board meeting after management and Office of Management and Budget (OMB) adjustments are complete.
Speaker 11 also clarified timing on property‑tax receipts: the district did not begin substantial property‑tax collections until December because statements were delayed by the election, so the district used fund balance to cover early operating needs while receipts posted.
What’s next: the board may be asked to act on the surplus‑property recommendation and will receive the final audit package in January when management finalizes adjustments.