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Board approves August financial-position report; CFO absent as staff works with legislators on tax assessment
Summary
The Christina School District board approved its August financial position report showing an October 15 unrestricted balance sufficient to cover payroll. The board discussed a pending tax-assessment issue and the potential to reissue a tax warrant with split rates to lower residential rates if legislative changes allow.
The Christina School District board approved its required August financial-position report on Aug. 12, with the board president noting the report requires the signatures of the board president, superintendent and CFO.
Mister Kennedy presented the financial-position report on behalf of CFO Bob Vaca and recommended board approval. Citing Delaware Code Title 14, section 1507 (as referenced in the presentation), Kennedy said the report must focus on local payroll obligations through the Oct. 15…
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