Management & Finance Policy Committee Meeting - May 2026

The Management & Finance Policy Committee meeting of The Aurora Channel held on May 29, 2026, focused primarily on financial updates and procurement-related authorizations. Key discussions included a sales tax revenue update showing mixed sector performance, and the annual approval of the 2026 IT lease purchase authority ordinance, which authorizes the city to enter into lease purchase agreements for technology acquisitions including hardware and software. This ordinance is a cost containment measure to lock in prices over multi-year terms, with past leases saving the city significant amounts. The committee also reviewed the 2026 city debt book, discussing the city's debt obligations, refinancing practices, and fiscal responsibility regarding certificates of participation. Additionally, the committee considered the seventh amendment to the San Creek Metropolitan District Service Plan, which proposes increasing the district's debt limit from $105 million to $200 million to fund infrastructure projects, pending voter approval in a November TABOR election. An intergovernmental agreement with Adams County was also approved to add a ballot dropbox location at Morehead Recreation Center. No votes or motions were explicitly recorded in the transcript, but the lease purchase ordinance was authorized to move to study session, indicating progression in procurement policy.