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Board hears budget forecast; tax distribution raises cash on hand to about $1.7 million
Summary
District staff reported an updated budget forecast after a tax distribution, saying cash on hand rose from about $779,858 to roughly $1.7 million; staff said the outstanding insurance estimate remains the final variable for next year's budget.
District finance staff told the BCASD Ambulance District board the budget forecast had changed since a recent report because the district received its second tax distribution of the year.
Staff said the report prepared before the distribution showed current cash on hand at $779,858, but with the tax drop the district's cash on hand is roughly $1,700,000. Finance staff said the outstanding insurance estimate remains the final piece needed to complete the budget for the coming fiscal year.
Board members asked no follow-up questions during the presentation. Staff said once the insurance decisions are finalized, projections and planned expenditures for next year will be updated.
No formal budget adoption occurred at the meeting; the item was presented as an update.
