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District presents preliminary year-end financial report; auditors due in September and final audit in November
Summary
District finance staff presented a preliminary year-end revenue and expenditure report for the period ending June 30, noting that the figures are preliminary, adjustments will follow when final ADM and invoices are received, auditors are expected in September and the final audit typically appears in November.
District finance staff presented a preliminary year-end financial report showing revenues of about $75,968,388.06 and expenditures of $71,349,107 as of June 30, and reminded the board that the figures are preliminary pending student-count reports and late invoices.
"This is a very preliminary, year end report," the finance presenter said, noting the fiscal year closes June 30 and that it takes months…
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