Bernalillo County – Bernalillo County Treasurer Nancy M. Bearce and Deputy Treasurer Kenneth E. Scott presented the operations and investment results to the Bernalillo County Board of Finance at its regular meeting on Tuesday, Aug. 31. The Board of Finance meets quarterly at the county’s new administrative headquarters, Bernalillo County @ Alvarado Square at 415 Silver Ave. SW. However, due to the current state public health order, the Board of Finance meeting was held via ZOOM and was available for live stream on YouTube. The county Board of Finance meeting can be viewed here.
Highlights for year-end results include:
- More than $4 million in Net Investment Income for the Fiscal Year ending June 30, 2021 including amortized bond premiums
- The Treasurer’s Office collected $734 million, 96.95% of property taxes, comparable to the previous two years of 96.84% and 98.82%
- Collected $14.7 million in delayed 2019 property taxes
- Increase in online property tax payments
“We had another strong quarter to end the year in the Treasurer’s Office,” says County Treasurer Nancy Bearce. “We continued our strong collection efforts and earned a significant amount of investment income in a safe manner.”
The goal of Bernalillo County’s investment policy is to protect public funds in a way that provides safety of principal, liquidity of the portfolio, and achieves maximum rate of return.
The next Board of Finance meeting is Nov. 9 at 4 p.m.
Deputy Treasurer Kenneth Scott adds, “The current low interest rate environment makes it challenging to grow our savings and reserves. Still, I am happy with the over $4 million in net investment income for the year.”
Contact the Bernalillo County Treasurer’s Office:
Investment Results: https://www.bernco.gov/treasurer/investment-reports.aspx
Where Your Tax Dollars Go: https://www.bernco.gov/treasurer/where-your-tax-dollars-go.aspx