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Central office reviews grants, current-year finances and unreserved fund balance
Summary
District staff summarized grant reporting, the timing of reimbursements, current-year financial position including closing purchase orders, and an explanation of the projected unreserved fund balance and how trust funds and tax-rate offsets are applied.
Molly (central office staff) reviewed items in the board packet: grant listings tied to Brentwood, allocations and budgeted uses, and the district’s current-year financial statement.
She explained that grant reimbursements are posted after the district expends funds and then applies for reimbursement, and that grant activity is published monthly once reimbursements are…
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