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Study session highlights: finance overview, consent-agenda previews and maintenance items
Summary
The board heard a finance department overview covering budgeting, a 10-year forecast and a new billing platform; several administrative items (cash and investment transactions, rescissions, stadium turf replacement, fence program closeout) were placed on the Feb. 24 consent agenda with no objections.
At its Feb. 18 study session, the Highlands Ranch Metropolitan District board received an overview of the Finance department and several routine items were previewed for placement on the Feb. 24 consent agenda.
Tiffany Hooten, Director of Finance and Administration, introduced the Finance team and described core responsibilities including the budget, an Annual Comprehensive Financial Report, a 10-year forecast and the Capital Improvement Plan (CIP). Hooten said the department manages cash and investments with PFM as investment advisor, oversees accounts payable and administers utility billing for about 30,000 homes. Staff reported a successful implementation of a new billing platform with growth in electronic and paperless payments and described internal controls designed to detect and stop fraud; examples cited included stopping a fraudulent vendor change request and altered checks flagged by positive-pay systems.
Multiple items were previewed for consent placement and drew no objections: HRMD26-106 (January 2026 cash and investment transactions), HRMD26-107 (project appropriation rescissions, noting a $5,750 decrease in the dugout cover replacement actual cost), HRMD26-108 (appropriation request of $158,125 for the District’s ~25% share of Redstone Park stadium turf replacement in partnership with Douglas County School District), and HRMD26-109 (Parkway Fence Replacement Program final payment and release of retainage, including change orders resulting in a $7,298 contract decrease). For HRMD26-108, Neil Alderson said the District shares costs with the School District under the stadium management agreement and that the turf has reached the end of its useful life.
Operations and maintenance clarified that remaining fence sections at Griggs and MacArthur are targeted toward the end of the multi-year project timeline (anticipated around 2030). Chairperson Anderson asked for objections to placing these items on the consent agenda and none were raised.
No public comments were received at either public-comment opportunity during the study session. The meeting adjourned at 8:02 p.m.
