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Beloit district finance director reports typical May deficit, moves May financials to full board
Summary
Finance director presented month-ended May 31, 2025 financials showing typical timing-related deficit, fund-balance shifts, and revenue timing; committee voted to forward the report to the full board for consideration.
The Business Operations & Finance Committee reviewed the School District of Beloit’s month-ended financials for May 31, 2025 and voted to forward the May financial report to the full board for consideration.
At the committee meeting Missus Elwood, the district’s finance director, told members the net change for May showed a deficit “which is typical for school districts because revenues come in at certain months but expenditures typically run about the same every month.” She said interest income and a larger-than-usual personal property aid payment…
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