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County accepts August financial and investment reports and approves payables
Summary
Colorado County Commissioners accepted the County Auditor's financial report and the County Treasurer's investment report for August 2025, noted $99,941.50 in interest income for the month and an ending book balance of $23.6 million; the court also approved accounts payable after reviewing the packet and additions.
Colorado County Commissioners on Sept. 22 accepted monthly reports from the County Auditor and County Treasurer and approved the county's pending payables packet.
County Auditor Michelle Lowrance told the court that overall revenue for August was on target and that expenditures should be around 76% of budget for the fiscal year so far, with some departments higher because of equipment purchases. The court entered the unaudited draft financial statements and budget detail reports for August into the record.
County Treasurer Joyce Guthmann reported an average interest rate of 4.62% as of Aug. 31 and said the county earned $99,941.50 in interest during August. Guthmann reported an ending book balance of $23,606,849.00; she also noted Industry State Bank will change to Cadence Bank on Oct. 13 and said the county's contract with the bank will remain unchanged.
After presentation of the pending expense packet — a multi‑fund packet of invoices that included additions from Precinct 4 — Commissioner Neuendorff moved to approve all accounts payable, budget amendments and any new ledger accounts; the motion passed 5‑0.
The minutes and attachments contain detailed line‑item reports, pending payables by fund and vendor, and a statement of indebtedness for certificates of obligation and refunding bonds.
