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Wednesday, July 8, 2020
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Letter to the Editor: Here's the Money
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Since the “Where’s the money” letter to the editor came out in last week’s newspaper and on social media, I feel that I should respond after viewing many of the negative comments (accusations) and speculation (embezzlement) on social media. See my comments below in which I referenced my notes for the Board Meeting on 5/14/19, as well as listened to the official audio recording to ensure accuracy.

At the May 14, 2019, Colorado City Metropolitan District Board Meeting, I briefly covered the financial statements high-level, referencing the overall Income Summary page provided to the Board on a monthly basis. The Income Summary lists the District’s actual revenues, expenses, capital/debt, and net income for each Department /Enterprise year-to-date. In referring to this document, I stated that the 2019 overall net income dollar amount was approximately $100,000.00 higher than the same period (same report) for the previous year. This is a year to date comparison to last year that usually involves multiple variables and fluctuates month to month. I also stated that our cash position, which is provided monthly to the Board via report, was roughly at the same level compared to a year ago. There are a number of reasons why the Income Summary figures can vary on a year to date comparison year over year, such as grants received in one year but not the next, a reduction in excise tax collected from one year to the next, unexpected and critical infrastructure expenses incurred from one year to the next, etc. As Finance Director, I am and have always been open to answering any questions and am happy to do so. The financials provided to the Board are posted monthly on the District’s website in an effort to provide transparency, which is always a benefit to everyone.

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including Colorado City, Rye, San Isabel, Beulah and Hatchet Ranch.

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