Superintendent reports May 31 financial snapshot: revenues, expenditures, utilities savings
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Summary
Superintendent Samuel Mijares reported an as-of-May-31 financial status showing approximately $100 million in revenues and $66 million in expenditures, with tax collections near 92% and an electricity contract with Tasby at 4 cents per kilowatt-hour.
Superintendent Samuel Mijares presented the district's financial snapshot, reporting revenues, expenditures and other budget details as of May 31.
"If you look at our finances on page 53 of your agenda, that's the MNO budget. This is as of May 31, so we still have 3 more months to finish the fiscal year," Mijares said. He reported the district had received "$100,000,000 in revenues" and expenditures were at "$66,000,000." Mijares said revenues were at about 89% of budget and expenditures at about 71%.
Mijares highlighted a utility contract with Tasby that runs through 2032 at a rate of 4 cents per kilowatt-hour, which he said has helped the district save "a little bit over 12%" on utilities, roughly "a little over half a million dollars." On taxes, Mijares said the district had collected about 92% to date and expected to finish the year near 97% to 98% collection.
Board members had no questions recorded in the transcript during the finance report.
