Brandon Valley board approves year-end bills and accepts financial report; district reports certificate closing for middle school addition

The Brandon Valley School District 49-2 Board of Education approved year-end bills and claims and accepted the district financial report at its regular meeting, district staff said.

The action came after a staff review of bills and a presentation of the cash and budget reports. Mr. Lambert reviewed the bills packet, citing payment number 9 to Pesca Construction at $1,381,000 and a total to date to Pesca of about $8,900,000, a quarterly payment listed at $12,308,909, payroll and pay vouchers, and year-end food-service adjustments including lunch account refunds. The board voted to approve the bills and claims as presented.

In the financial report, Mr. Lundberg said May was a large revenue month because of the district's property-tax draw. He reported total cash at the end of May of about $28,900,000 and receipts of $13,308,000 during the month, of which roughly $12,800,000 was the property-tax draw. Lundberg said the district recorded operating transfers, including a budgeted $1,400,000 operating transfer from capital outlay to the general fund and several temporary interfund cash-flow transfers. He reported $3,500,000 of disbursements during the period and listed fund balances for May as: general fund about $13,100,000; capital fund $5,500,000; special education $1,700,000; bond redemption $1,300,000; enterprise $63,000; and project fund $16,900,000. The board voted to approve the financial report as presented.

Lundberg also updated the board on bond and project financing for capital projects, saying certificates for the middle school addition were sold and closed on June 4 for $7,135,000 and that the district received a premium on those certificates of $455,000. He noted project expenses to date and that the transportation parking-lot work is included in the project budget.

Board action on the bills and the financial report were routine voice votes; the minutes record the motions as passed following requests for approval.

Clarifying details in the meeting included staff statements that several special-education bills and end-of-year charges contributed to year-end activity, and that some listed amounts on the bills packet reflected advanced payments and pay vouchers. No statutes, ordinances, or external legal authorities were cited during these agenda items.

The meeting packet and the approved motions remain the official record of the board's actions.