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Weare board hears budget-versus-revenue figures; fund balance to offset taxes reported at $142,452.52
Summary
District business office presented final budget-versus-revenue figures and a fund-balance number to offset taxes; board discussed Medicaid revenue, food service fund limits, bond schedule and capital needs including sprinkler systems.
The Weare School District business office presented final budget-versus-revenue figures and fiscal-year-end balances to the school board on Oct. 21, reporting a fund-balance offset for taxes of $142,452.52.
Chris, a district staff member who presented the financial report, said the district ended the fiscal year with a small positive revenue variance and a modest positive amount on expenditures that together produced the fund-balance figure the district will use to offset taxes. "To be exact, a $142,452.52," he said.
The report noted several revenue developments that benefited the district, including Medicaid…
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