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Finance director reports slower ad‑valorem collections, fund balance dip
Summary
Larry Hamill told the board that October ended with about $86 million in cash and a fund‑balance near $68 million, and that ad‑valorem collections are slightly behind typical pacing though full receipts are expected in November; he noted some reserve draws and upcoming timing uncertainty.
Larry Hamill presented October financial statements, reporting the month began with roughly $98 million and ended near $86 million in cash, with an estimated fund balance around $68 million. He attributed much of the variance to slower ad‑valorem (property tax) collections and some large timing shifts and reserve draws (SEG…
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