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Call Lake program: $7.56M collected year-to-date, loans and upcoming appropriations outlined
Summary
City financial staff reported $7.56 million in July–February sales-tax collections for the Call Lake program, $89.47 million total program balance including interest, remaining loan draw capacity and upcoming appropriation needs; staff signaled the plant is in a 30‑day test with a ribbon cutting likely if tests conclude in early May.
Miss Aaron, presenting the Call Lake water supply financial update, told the commission that July–February sales‑tax collections totaled $7.56 million and that, after removing a one‑time anomaly from the prior year, collections are ahead of conservative budget projections.
Aaron said program cash and interest totaled roughly $89.47 million and reviewed loan activity: the program has drawn multiple loans and has roughly $20.6 million remaining for draws tied to HUD/congressional appropriations. She said recent payments reduced liquid balances and that $2.5 million remains invested in a treasury note due in September to meet upcoming payments.
Expanding to city finances, Aaron reported $89.8 million in city cash, diversified investments (treasury bills, CDs, agency and commercial paper), and a total debt obligation near $323.1 million, including OWRB and SRF loans. She also flagged near‑term appropriations that will return for commission consideration—transit fund shortfalls while federal grant approvals are finalized, police personnel transfers, hotel‑tax passthroughs to Garfield County, and a health‑fund drawdown to cover unexpected claims.
Aaron said the Call Lake plant was in a roughly 30‑day water test expected to conclude in early May and that, barring problems, staff will schedule a ribbon cutting. Commissioners thanked staff for the update and the commission recessed for a 10‑minute break ahead of the regular session; no votes were taken during the report.
The report contains numerical program and budget figures that staff said will be refined as March data and outstanding draws are finalized.
