Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Quarterly financial report shows higher spending; district cautions against adding staff until projections firm
Summary
District finance staff told the board Sept. 9 that expenditures exceeded prior-year levels and that the district's projected unspent balance has fallen; the CFO said the board's 5-to-10 percent unspent-balance policy remains the target and staff recommended monitoring before approving new staffing allocations.
District finance staff presented the fourth-quarter financial report at the Sept. 9 board meeting, saying expenditures for the year exceeded budget in some areas and that a conservative projection shows the district's unspent balance is lower than previously forecast.
A district finance presenter said some FY2023 costs rose because the district front-loaded capital projects and recorded certain grant-related purchases through the general fund. The presenter noted roughly $1.1 million of current-year expenditures tied to camera purchases for a federal grant that will be reimbursed.
CFO Kurth told the board that the district's board policy target for unspent…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
