The district’s finance director previewed a new Fund 2 financial exhibit on Sept. 8 designed to give trustees more line‑level visibility into local operating revenues, expenses and encumbrances.
Ben (finance) said the report — requested by the finance committee — organizes revenue and object‑code expenses (salaries/benefits, contracted services, utilities, repairs, supplies) and shows budget, year‑to‑date expenditures, outstanding purchase orders and unencumbered balances. He told trustees Fund 2 is the local operating fund most closely tied to fund balance and discretionary spending.
The exhibit shows the district’s Fund 2 budgeted revenues and that, through Aug. 31, the district had drawn a portion of the year’s anticipated revenue; the director explained county appropriations typically arrive monthly and that cash flows can vary across months due to timing of stipends and other payments.
Trustees asked whether the report could show personnel counts tied to salary lines and Ben said he would attempt to add a ‘budgeted positions at start of year’ column in future iterations. Members also discussed how transfers to charter schools appear in the exhibit (a pass‑through to charters) and clarified that Medicaid reimbursements and some special‑revenue items sit in other funds rather than Fund 2.
Finance said the exhibit is supplemental to existing budget-variance reporting and will not replace formal budget‑amendment votes required by board policy; trustees told staff they appreciated the transparency and asked for the report to appear monthly.