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Timberlane reports $7.6 million unassigned fund balance; board encumbers $1,271,056 for FY25 purchase orders
Summary
District finance staff told the board the unassigned fund balance is $7.6 million after revenues and expenditures; the board approved encumbering $1,271,056 in FY25 purchase orders and discussed how portions of the balance were used for projects at fiscal year end.
Finance staff reviewed the district's unassigned fund balance and the factors that produced it, and the board approved encumbering FY2025 purchase orders totaling $1,271,056.
Maria (finance staff) told the board the district began the year with an unassigned fund balance carried forward of $16,400,000; this year the district recorded approximately $74,470,000 in revenues and $83,400,000 in expenditures, leaving a reported unassigned fund balance of $7,600,000. Maria and other administrators identified revenue increases (Medicaid collections, grant reimbursements and interest income) and expense savings…
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