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Colorado County auditors warn of near‑term deficit; court approves October financial, investment reports and $373,064 in payables
Summary
The county auditor told commissioners the county is projected to be in deficit spending by the end of November; the court approved the October financial reports, the treasurer's report showing $20.22 million ending book balance, the investment report (October interest $79,715.32 at 4.30%), and authorized accounts payable totaling $373,064.81.
Colorado County’s auditors and finance officers presented October financial statements and the pending payables packet at the Nov. 24 Commissioners Court meeting.
County Auditor Michelle Lowrance told the court that, based on the unaudited draft October report and current projections, the county is likely to be in deficit spending by the end of November unless adjustments are made. The court received detailed budget reports and line‑by‑line attachments.
Joyce Guthmann, County Treasurer, reported an October interest rate of 4.30% and total interest earned for October of $79,715.32. Guthmann presented the Treasurer’s October monthly report showing an ending book balance of $20,216,452.99; the court voted to approve both the investment report and treasurer report.
The court also reviewed and approved a pending expense/payables report with a grand total of $373,064.81. The packet includes items across multiple funds; notable entries in the minutes include a $106,344 invoice for courthouse repairs, a $24,186.91 equipment item for EMS (Powerload), road and bridge material and equipment invoices, and recurring departmental charges. The court moved to approve all accounts payable, budget amendments and any new ledger accounts; the motion carried 5–0.
The minutes record the unaudited draft statement of cash, revenues and disbursements for October and a detailed budget detail report; the auditor’s comments in the meeting flag the need for continued budget monitoring.
