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Finance director reports midyear balances, investments and donations; food service in surplus
Summary
The board received the district’s midyear financial report showing cash and investment balances, notes on tax-advance process, and a list of donations to schools and programs including a multi-thousand-dollar book donation for district libraries.
The district’s finance report for the midyear reconciliation showed consolidated cash and investment balances across funds and highlighted several items for board review.
Finance staff reported invested balances through U.S. Bank (METER) and an insurance account balance, and noted the ability to request tax advances as local collections begin. The report compared expenditures to forecast, observing supply spending at about 95% of budget and purchased services at a lower spend rate that may leave room in the May forecast.
The finance presentation called out a $19,000 positive balance in food services and significant donated materials: Kids Shelf Bookstore donated $7,238 in books for district libraries; other donations included clothing, classroom materials and robotics-club funds. The board approved the report and accepted the listed donations during the consent agenda.
