New Mexico Bank Accounts Report $70.1M Total Balance and $56.3M General Fund

July 22, 2025 | Sandoval County, New Mexico

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New Mexico Bank Accounts Report $70.1M Total Balance and $56.3M General Fund

This article was created by AI using a video recording of the meeting. It summarizes the key points discussed, but for full details and context, please refer to the video of the full meeting. Link to Full Meeting

Sandoval County's financial health remains robust, as revealed in the recent Investment Committee meeting held on July 22, 2025. The county's general fund currently stands at an impressive $56.3 million, complemented by a tax payment account of $3.7 million. This brings the total balance across all accounts to a solid $70.1 million.

The county's banking relationships also reflect stability, with Wells Fargo holding $57,800 in one account, Jemez Valley Credit Union maintaining $150,300, and Century Bank contributing $4.2 million to the overall financial picture.

These figures indicate a strong fiscal position for Sandoval County, providing a foundation for future investments and community projects. The committee's focus on maintaining and monitoring these accounts underscores the importance of financial stewardship in supporting local initiatives. As the county moves forward, these healthy balances will play a crucial role in funding essential services and infrastructure improvements for residents.

Converted from Sandoval County - Investment Committee - Jul 22, 2025 meeting on July 22, 2025
Link to Full Meeting

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