Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Enrollment topic
No spam. Unsubscribe anytime.
Board hears enrollment and financial updates; audit fieldwork complete
Summary
Staff reported district enrollment at 3,202, explained a late state payment that affected September revenue reporting, and said auditors finished fieldwork and will present the audit in December alongside Truth in Taxation.
At the start of the meeting district finance staff reported enrollment and discussed the monthly financial reports, an outstanding state payment posting issue and the status of the annual audit.
The director of billing services (staff member) told trustees the district’s enrollment was 3,202 as of Monday; the district had budgeted 3,200. She noted that 28 students in Wildcat Academy were contributing to the current total. "We're at 3,202 as of Monday," she said when opening the finance update.
On the UBS monthly report for September, staff said general fund revenue showed below expenses because a regular state payment that the district expected on Sept. 30 did not post to the district’s account until Oct. 1. The director of billing services explained the state sends two monthly payments on the 15th and 30th; because the 30th payment posted Oct. 1, September revenue appears lower than expected even though staff said there was sufficient cash to cover payroll on Sept. 30.
Staff also told the board that audit fieldwork finished that day. "They were here for the last time today. Went very well," the director said, and credited a staff member, Lauren, for work supporting the audit. Auditors are scheduled to present the completed audit to the board at the December meeting, the same meeting when staff will present Truth in Taxation materials.
In other financial details, staff said community service revenue was above expenditures in September, while food services showed higher expenses because the district purchased equipment over the summer. A line on the treasurer’s report showed an outstanding deposit listed as 2,600,000 (as presented in the report), which staff said was the Sept. 30 deposit that had not posted by the report date.
Trustees asked whether the late state posting was unusual and staff said they would check with the state and other districts to see if the issue occurred elsewhere. No formal action was taken during the financial update.
