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Collbran trustees review bank balances and ask to replenish CSAFE after $490,113.16 payout
Summary
At the Feb. 17 Collbran work session trustees reviewed detailed bank balances and discussed a prior $490,113.16 handwritten check (No. 25428) used to pay PayApp 5 to FCI for a waterline project; Mayor Lietz asked that the CSAFE account be replenished and staff provide trust-fund detail.
Mayor Lietz opened discussion of town finances and asked for an update on accounts and accounts-payable. Town Clerk Travis Boyd reported that "all invoices are entered and are up to date," and provided ending balances as of Jan. 31, 2026: Operating $1,281,837.04; Utility $578,982.59; Money Market $1,286,103.70; Debit $6,673.38; ColoTrust $1,447,320.99; CSAFE $477,538.73.
The mayor also requested information about a large prior movement of funds from the CSAFE account to pay PayApp 5 to contractor FCI. Boyd said check #25428, a handwritten check for $490,113.16 dated Sept. 15, 2025, was signed by Trustee Bethel and Mayor Wilcox; he described a deposit from PVSD that was posted to the general operating account while the utility account covered the check. Mayor Lietz asked that staff replenish the CSAFE account and provide documentation on the transfer and AP processes so the board can review trust-fund handling.
