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Beloit district finance director briefs committee on January results, committee advances report to full board
Summary
District finance staff reviewed the month-ended Jan. 31, 2025 financial report, citing timing of revenue receipts, a large purchase order for a roofing project and three payrolls in January as reasons expenditures appeared higher; the Business Operations & Finance Committee voted to forward the report to the full board for approval.
Stephanie Elwood presented the School District of Beloit’s financial activity report for the month ended Jan. 31, 2025, telling the Business Operations and Finance Committee that revenue timing and one-time items explained the gap between revenues and expenditures for January.
Elwood said district major revenues arrive in September, December, March and June, and that property taxes are coded to debt service in January. She pointed to a…
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