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Finance director: district finances on track through Nov. 30; federal funds lower as CARES-era support ends
Summary
Executive Director of Finance Scott Lesage told the board that Wayzata’s revenues and expenditures through Nov. 30 are generally in line with expectations, salaries and benefits remain the district’s largest cost, and federal revenues have dropped from CARES-related levels.
Scott Lesage, executive director of finance, presented the district’s financial report for the month ending Nov. 30 at the Jan. 13 board meeting, saying the district’s revenue and spending were generally aligned with prior-year patterns and that the finance team is working on a revised general fund budget ahead of the February board cycle.
Key points Lesage highlighted: - The financials shown were through Nov. 30 and reflect typical accounting lags for reconciliations. - Property tax receipts were “right on par” with expectations; state aids fluctuate…
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