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Treasurer reports $527,000 in April deposits for February taxes; cash on hand $2.9M
Summary
Treasurer Ms. Holbrook reported April deposits tied to February tax revenue totaled $527,000 — $27,000 above budget and $45,000 above last year — and said cash on hand is $2.9 million. Destimetrics showed occupancy and ADR trends pointing to a stronger March and an improved summer outlook.
Treasurer Ms. Holbrook told the board that April deposits (for February tax revenue) totaled $527,000, which is $27,000 above budget and $45,000 above last year's actuals; she added that April county deposits had not yet been received and that cash on hand stands at $2.9 million.
In a separate Destimetrics update, Ms. Calder reported winter paid occupancy finished flat to last year while average daily rate (ADR) increased. March finished ahead in both occupancy and ADR, with March increases concentrated in town. Projections for summer (June–September) show occupancy up 6% and summer ADR up 8%, and new seasonal air service was noted for Portland (Alaska Airlines) and Charlotte (American Airlines).
The financial snapshot provides staff and board a baseline for upcoming FY27 funding decisions and applicant follow‑ups; staff will continue reporting monthly.
