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Finance director fields questions on negative net balances as board approves OE‑5 and OE‑6 monitoring reports
Summary
The district’s finance director reviewed quarterly financial statements and explained negative interim balances; trustees sought clearer line‑items for transportation and grant reporting.
Durango School District No. 9‑R’s director of finance presented quarterly financial statements during the March 25 board meeting and answered trustees’ questions about several negative balances and fund classifications.
Director of Finance Kira Horn (present remotely) walked trustees through the general fund, food service fund, building fund and government‑designated grants fund. Trustees asked about a negative net balance in the general fund, a large “other” expenditures line…
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