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Board authorizes reimbursement and $635,795.37 in bill payments; fund balances down year over year
Summary
The board approved reimbursements and bill payments and received a financial report showing a decline in net fund balances year over year and current revenue breakdowns.
The Unit 40 Board approved reimbursement to the impressed account for $6,865.14 and payment of bills totaling $635,795.37 after a financial presentation on Sept. 15.
Mrs. Baker reported a net fund balance of $15,035,033.24, a 17.64% decrease from the prior year. In operating funds the district showed a 17.44% decrease with a net total of $14,055,240.91. Operating revenue figures she reported were $253,403 in local revenue, $601,155 in state revenue and $64,657 in federal revenue. She noted tax revenue timing affects year-over-year comparisons and that a tax allotment expected in October could materially change the reported position.
Erica moved to approve the recommended reimbursements and payments; Chad seconded. Roll-call votes were all yes.
