Business manager reports June total ~$809,544; July cashflow and CD purchase noted
Director of operations David Roberts presented June and July financial activity, reporting a June total of $809,543.79 and noting a $50,000 transfer to invest in a certificate of deposit; he also said the district drew down $450,000 on its line of credit and expects a $550,000 payment soon.
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David Roberts, director of operations, presented the business office report, giving line-item totals from June and July and outlining near-term cashflow expectations. For June he recited AP checks and payroll line items that combined to a stated total of "$809,543.79." He also reported July AP checks of about $270,000 and said the district moved $50,000 from its National Bank of Middlebury account into an M&T account to purchase a CD.
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