Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Forest Hills finance update: fund‑balance draw, routine purchases and subscriptions slated; superintendent contract updated
Summary
Forest Hills Public Schools reported Aug. 11 that current budget assumptions would require an $8.4 million draw on the fund balance and a projected fund-balance-to-expenses ratio of about 10.77 percent while the district awaits state budget action; the board also approved a contract addendum for Superintendent Ben Kirby and heard several planned procurement items.
The Forest Hills finance report on Aug. 11 outlined an ongoing projection that the district will draw about $8.4 million from its fund balance for the coming year under current assumptions and expects to end the year with a fund-balance-to-expenses ratio of about 10.77 percent, pending state budget action.
At the meeting, Missus Steinmeier said there has been no final action at the state level affecting the district’s budget and that assumptions remain unchanged until state figures are finalized. Auditors are scheduled to begin fieldwork next week for the 2024–25 audit, the district said.
As business items, the administration…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
