The Diversion Authority’s Finance Committee reported Sept. 25 that the Authority’s net cash position stands at $292,318,725 and that $353,113.36 in bills were paid in the month. Mayor Dardis, who presented the committee report, said staff are monitoring sales-tax receipts, which are running about 1.4% behind year-to-date county collections compared with a year ago, while city collections are running about 3.1% ahead.
Finance staff member Paul Barthol presented a proposed 2026 cash budget of $931,000,239 and noted a potential schedule of milestone payments to the developer that could total about $730,039,775 if the developer meets its scheduled completions. Committee materials cited that legacy state funds have been fully drawn and are no longer available for future draws.
Mayor Dardis moved to accept the Finance Committee report; the full board then recorded a vote accepting the report and later took separate roll-call votes on related items (program budget increase for Cheyenne mitigation and the HMG task order) as recorded in the meeting minutes.
The committee also reported staff will continue analysis of sales-tax trends and monitor cash-flow implications for 2025–26 as construction milestones and advancement requests occur.