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District finance reports midyear budget update; student activities fund balance near $780,000
Summary
Finance staff presented a midyear budget update showing maintenance and operations percentages, a capital budget figure and a student activities fund ending cash balance of $780,136.76; presenters noted the district is about halfway through the school year.
Brenda Guerra of the district finance team presented the monthly budget update during the Jan. 8 Yuma Union High School District board meeting, reporting that the district is about halfway through the school year and outlining maintenance-and-operations and capital expenditures.
Guerra told the board the capital budget was presented in the packet with a budgeted amount said in the meeting as "$14,000,000 for 197,182" and that roughly 43% of that budget — recorded in the meeting as $6,220,215 — had been spent. Guerra also reviewed the maintenance-and-operations breakdown by department and school budgets.
The monthly student activities fund report shows an ending cash balance of $780,136.76 and a year-to-date net (revenues minus expenditures) balance of $65,515.80, Guerra said. She closed the report and fielded no substantive questions from the board.
