Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget And Audit topic
No spam. Unsubscribe anytime.
County repayment notices flagged as potential deficit during Hidden Valley Lake Finance Committee review of monthly financials
Summary
General Manager Paul Kelley told the Finance Committee on March 11 that county Auditor‑Controller notices seeking repayment tied to tax‑defaulted property auctions may have created a deficit; staff have contacted the County and are awaiting a response as the committee continues the budget process.
During its March 11 meeting, the Hidden Valley Lake Community Services District Finance Committee reviewed the monthly financial statements and discussed a potential deficit linked to county Auditor‑Controller repayment notices.
General Manager Paul Kelley reported that the County Auditor‑Controller has issued notices to some agencies seeking repayment of amounts associated with tax‑defaulted properties that were sold at auction for less than the full redemption amount, including base tax, penalties and interest. Kelley said staff have reached out to the County and are awaiting a response. The minutes do not specify the amount of the repayment demand or the size of any resulting deficit.
Committee members asked questions of staff during the financial review and were informed that staff have begun the District’s budget process. No public comments were recorded at the meeting, and committee members expressed appreciation to staff before adjourning at 2:28 p.m.
