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School board approves budget amendment, hears updated financials and generator update
Summary
At its July meeting the school board approved the 2024-25 budget amendment No. 2, received revised revenue estimates and heard an update on a delayed generator project that prompted a $200,000 transfer into the district's special depreciation fund.
At its July board meeting the school board approved the district's 2024-25 budget amendment No. 2 and heard a detailed review of district financial reports and a delayed generator project that the district moved into a special depreciation account.
The board voted 5-0 with two members absent to adopt the amendment. Amanda, who presented the financial reports, summarized revenue and expenditure changes and explained a $200,000 transfer into Fund 30 (special depreciation) to cover remaining generator costs.
The amendment adjusts several fund balances and departmental budgets to actuals and anticipated costs. Amanda said the special depreciation transfer was made "to cover the cost of the final things related to the generator," and that the district expects $50,000 to $75,000 to remain in that…
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