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Treasurer reports improving revenues and near-term transfers; Jackson County tax collections lag district budget
Summary
Treasurer reviewed April finance reports: transfer of $2,738,440.80 to special revenue fund, operating fund close to estimate but Jackson County collections remain below budget, and investment yields remain attractive though some CDs will mature next fiscal year.
Mister Holder, the district treasurer, reviewed the April revenue-and-expense reports, transfer activity and the investment portfolio during the finance committee meeting.
Holder told the committee that the May transfer under consideration would move $2,738,440.80 from the general operating fund to the special revenue fund; that transfer is lower than typical for the month because the state’s early childhood special education (ECSE) reimbursement arrived in thirds and the district received the first third in April (Holder said that first third was a little over $1,900,000,…
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