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Finance director briefs board on November receipts, project timing and budget revision process
Summary
Finance staff reviewed the district's November cash-basis receipts and disbursements, cited large tax receipts and one-time project payments (LED project, temporary chiller rental), and summarized the budget-revision timeline leading to the board's later approval of the revised 2024'1025 budget.
Amy Schultz, presenting the district's monthly financial report and the proposed budget revisions, told the board that November is a large receipts month driven by property-tax collections and that the district's November disbursements included major project payments.
Key figures and timing noted to the board: - November tax receipts: staff said receipts were "almost $6.5 million." - State aid: approximately $2 million was recorded in November; staff noted the state times certain aid payments to offset months with large tax receipts. - One-time and…
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