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Timberlane finance director presents budget-to-actual: revenues close to budget, expenses below but year-over-year variance large
Summary
Business director Maria presented preliminary fiscal-year financials showing total revenues at 102% of budget, expenses at 91% of budget, and a year-over-year variance driven by salaries, contracted services and capital lease payments; final audited numbers will be posted after auditors complete reconciliations.
Maria (business office) told the board the auditors had completed field work and district staff were reconciling accounts; she presented preliminary budget-to-actual numbers but cautioned the audit was not final.
Maria reported total revenue of $74,659,352 and expenses of $83,689,682 for the fiscal year as presented in the working dashboard shown at the meeting. She said revenue realized was about 102% of the budgeted figure while expenditures were about 91% of budget. Maria flagged a…
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