Starr County hears auditor and treasurer reports and approves $151,512.25 interfund loan for housing rehab

During the June 12 meeting, Starr County officials reviewed monthly and quarterly financial reports and approved a temporary interfund loan to support the county's housing rehabilitation program.

Auditor Miss Adanis presented an unaudited report for 12/31/2025 showing general fund balances and year-to-date expenditures that produced a general fund deficit of $2,171,806; she also reported deficits in the road and bridge and several enterprise funds and total debt outstanding of $20,810,967.

Treasurer Gonzales provided fund balances and a quarterly investment report showing $3,809,065 in certificates of deposit and $35,344.37 in interest earned for the period ending 12/31/2025 and confirmed the investment report was prepared in compliance with the Texas Public Funds Investment Act.

On a related action, commissioners approved a $151,512.25 temporary interfund loan from the general fund to the housing rehab program to be used on a reimbursement basis. County staff said eligible costs under the interfund arrangement include total construction cost plus administrative subcosts such as survey and title reports.