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District staff reports healthy November cash flow; board moves to certify proposed mill levy
Summary
District financial staff reported November actuals were better than plan and projected roughly $2.5 million cash in February. The board was presented a proposed mill levy of 28.99 mills (tax year 2024) based on net assessed value and proceeded with a motion to certify the levy.
Eric (district finance staff) told the board that November actuals came in better than planned and that the district expects to be closer to $2.5 million in cash by February. Eric said staff received preliminary state revenue numbers and will review October count changes before reporting a final cash‑flow impact.
On statutory deadlines for December, Eric explained the district received final valuations from Archuleta County and ran calculations that produced a proposed mill levy of 28.99 mills for tax year 2024 (to be collected in 2025). He presented the net assessed total value as approximately $568,800,000 and estimated the property‑tax portion of program funding would rise by about $690,000.
A board member moved to certify the mill levy as presented; the motion and a second were recorded and the board proceeded to a roll‑call style acknowledgment of members (transcript records Iverson, Lynch, Macky, Sh/Shik and Taylor). The motion was announced as carried; the transcript did not include a numeric tally but showed the board taking the vote and the chair declaring the motion carried.
Eric also briefed the board on an audit timeline: continuing delays among auditing firms and new software have pushed the district to request an extension and the audit may run past January; staff said the state provides suggested audit firm lists but districts establish auditor contracts individually.
Why this matters: the mill levy determines property tax revenue that funds district programs and capital needs; audit timing affects when final financials become available to the board and public.
What’s next: staff will finalize and publish the certified mill levy paperwork as required by state timelines and will return with updated cash‑flow figures after reviewing final state revenue numbers and October count adjustments.
Quotes and clarifications: the proposed levy figure and assessed values were presented by Eric during the district’s December meeting.
