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Los Ranchos trustees adopt 2025–26 budget, approve final-quarter financial report
Summary
The Board of Trustees approved the village's final-quarter financial report for fiscal 2024–25 and adopted the fiscal 2025–26 budget, with staff projecting modest cash surpluses and trustees questioning several minor revenue line items and bond payment timing.
The Board of Trustees of the Village of Los Ranchos de Albuquerque on Tuesday approved the final-quarter financial report for fiscal year 2024–25 and adopted the fiscal 2025–26 budget.
CFO Tammy Seal presented Resolution 2025-07-01, the state-required final-quarter rollup, explaining the cash-plus-investments figure ties to the cash report on page 72 of the packet. She told trustees the village does not make monthly GO bond payments but pays principal and interest twice a…
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