Treasurer reports nearly $12 million on hand, flags timing delays

Treasurer Andrew Cohen reported that the district is "just shy of $12,000,000 — $11,999,000 is in the account" and said the board needs clarity on delays in transfers from the county and state.

"We are finally seeing money flow in, which is nice," Cohen said, while noting that he was "not really quite comfortable yet" with the timing of transfers. He asked staff to arrange a meeting with county and state officials to understand the lag between collections and remittances so the board can set an accurate projection for Dec. 31.

Board members asked clarifying questions about who collects the taxes and how the flow occurs. Staff noted the state treasurer aggregates certain collections and that timing can vary; the treasurer indicated he hopes to report a clearer monthly inflow picture within 30 days.