Finance staff reports capital carryover estimate and year‑to‑date budget snapshot

The district’s finance staff updated the board on a preliminary carryover estimate and the district’s fiscal status through September 30.

The presenter said she had spoken with the treasurer’s office and expects a carryover into the capital fund; the figure discussed at the meeting was approximately $844,000 (staff noted reconciliation with the treasurer’s office is ongoing). For operating funds, staff said basic aid and state sales tax payments were slightly ahead of budget for the year to date, and that other state revenues (lottery funds) will begin to arrive in January. Most expenditure categories were reported as under budget except for technology, where annual software subscriptions and upfront vendor payments are paid at the start of the fiscal year.

The presenter reported that once transfers and reconciliations are completed, the district expects to have roughly $12 million in county funds available (described during the presentation as “approximately $12,000,000 or 66%”) for the remainder of the fiscal year. Staff said the treasurer’s office is working to catch up on transfers and audits so year‑to‑date figures may still shift slightly as accounts are reconciled.

Board members asked clarifying questions about how up‑to‑date the revenue reporting is and where some recurring expenses are recorded; staff said they are monitoring technology spend and will expect that line to even out once annual subscriptions are amortized. No budgetary action items were voted at the meeting; the finance overview was provided for board review.