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Finance director reports stable fund balance; district moved $2 million to capital projects
Summary
The district's financial officer reviewed year-to-date revenue and expenditures, reporting a general fund balance of $47.6 million as of January and that the district had transferred $2 million to capital projects during the fiscal year.
At the Limestone County Board of Education meeting, the district's finance presenter reviewed interim financial statements for December and January and told trustees the district is approximately one-third of the way through the fiscal year.
The presenter reported $15,300,000 in local revenue collected year to date and said the district has been…
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