Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasurer reports $230,000 variance; board approves transfers to roof and technology funds
Summary
Treasurer told the River Board of Education the fiscal year closed about $230,000 worse than forecast due to a TIF payment change; board approved transfers to roof and technology funds and allocations to cover an athletics deficit and accepted several donations and grants.
The River Board of Education received a year-end financial report July 15 showing the district ended the fiscal year about $230,000 below the forecast, largely because a tax-increment financing (TIF) payment was lower than expected. Treasurer Verdin said the district still maintains a healthy cash balance and approved several transfers and donations.
“In the bulk of that was essentially I missed the TIF payment allocation that I thought…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
