Garfield Re-2 discovers $4.54 million general fund surplus after presentation error

The figure is now reflected in the 2020-2021 general fund beginning fund balance, at about $20.08 million.
“This slide presentation error was caught internally, corrected, and presented to the Board on February 22, 2021,” Re-2 Director of Communications Theresa Hamilton stated in a Wednesday email on behalf of chief financial officer David Trautenberg.
“Nothing was lost or misplaced,” she also told the Citizen Telegram. “The presentation reflected one number, their team recognized the error and came back in February and presented the accurate numbers.”
This ending fund balance includes the district’s $1.6 million required TABOR reserve and the board-mandated $8 million reserve, Hamilton further stated in the email.

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