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Treasurer reports August finances: revenue flat, cash transfers and higher insurance claims noted
Summary
Treasurer Mrs. Roberts told the board the district received $8,800,000 in revenue through August (flat year over year), noted a one-time true-up in prior year property taxes, reported an ending cash balance of $12.1 million after a large transfer, and said health insurance claims were up 32% year to date.
Fairfield Union Local School District Treasurer Mrs. Roberts reported to the board that through the month of August the district had received $8.8 million in revenue, essentially flat compared with the same point last year.
Roberts explained the year-over-year property and public tax figure looks down about 9% but that was driven by a one-time true-up payment last year of roughly $225,000; excluding that payment revenue is down about 4%. Income tax receipts were up…
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