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CFO explains January financial statement: encumbrances and apportionment timing affect apparent budget percentages
Summary
Evergreen’s CFO explained why the January budget status report shows higher-than-expected expenditure percentages, citing encumbrances (open purchase orders) and uneven state apportionment payments that cause cash‑flow swings.
At the Feb. 25 meeting, the district’s finance lead explained why the January 2025 budget status report appears to show expenditures above the year-to-date benchmark and revenue below it.
Jennifer (CFO) told the board the report includes both actual expenditures and encumbrances (open purchase orders), which represent future payments for contracts such as custodial services, running start, and utilities.…
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