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Mounds View board hears quarterly budget report; officials say finances are on track
Summary
Director of finance Paula Steele presented the district's quarterly budget, highlighting timing-related revenue draws, increased cafeteria capital spending and that debt-service payments have been made for the year.
The Mounds View Public School District board on April 22 heard its quarterly budget report from Paula Steele, the district's director of finance, who walked trustees through revenue timing, variances and expenditures for the year to date.
The report matters because it shows where budgeted revenue has not yet been drawn down, where the district is using fund balance for required cafeteria capital purchases and that the district has completed its scheduled debt-service payments for the fiscal year.
Steele told the board the packet begins with the…
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