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Bentonville board approves close-period financial report and budget projection
Summary
The board approved the close-period 11 financial report and the district’s budget projection; staff reported a $105.5 million all-funds balance and projected an ending operating fund balance of about $53.4 million (20.9%).
The Bentonville School District board approved the district’s period-11 financial report and projections for the fiscal year ending June 30.
District finance staff reported an all-funds balance of $105,500,000—an increase of $4,700,000 over the prior year—and operating fund revenues of $240,500,000, up $14,900,000 year over year. The presenter said $3,300,000 of the revenue increase was attributable to student growth and the remainder to higher property…
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