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CFO: No anticipated budget shortfalls; audit items outstanding, $3–4M potential rollover
Summary
Chief Financial Officer Michelle Ortiz told the board the district does not anticipate budget shortfalls through January 2026, expects timely state reimbursements, is resolving outstanding audit items with a hoped-for final audit by March, and estimated $3–4 million could be rolled over if encumbrances are completed.
Michelle Ortiz, the district's chief financial officer, presented the board budget and revenue report through January 2026 and said the district does not currently anticipate budget shortfalls but is closely monitoring accounts and presenting maintenance/transfers as needed. Ortiz reported the state treasurer's office has been timely on reimbursements and said she files twice monthly to manage cash flow.
On the audit timeline, Ortiz said outstanding items remain with auditors but she expected finalization by the end of March if outstanding documentation is provided. Asked about operational funds, Ortiz estimated a potential $3–4 million rollover if expenses are encumbered and noted that the treatment of tower rental income would be recorded under operational revenue (leases/rental income); she also said prior grant work with the New Mexico Highway Department remains available for campus pavement work.
