Board sets August budget work sessions and requests monthly running financial reports
Summary
Trustees scheduled three budget work sessions (Aug. 6, 13 and 27 at 6 p.m.) and asked staff and the auditor to provide month-to-month running profit-and-loss and balance reports for packet inclusion to aid budget decisions.
Trustees scheduled three budget work sessions — Aug. 6, Aug. 13 and Aug. 27 — to prepare the municipal budget due to the state by the end of September. The board discussed scheduling constraints around school and sports calendars and set sessions for Thursday evenings at 6:00 p.m. to maximize attendance.
During the meeting the board also reviewed recent audit work and asked auditor Bob and staff (Frank and Bonnie) to produce a monthly running report from QuickBooks that shows month-to-month balances for funds, profit-and-loss, and reconciled accounts. Staff said the report can be generated and provided in future packets to help trustees see spending trends and make informed budget decisions.
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