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District reports $20.1M beginning general fund balance; $1.6M transfer to certified salaries
Summary
CFO Miss Dudek reported a $20.1 million beginning fund balance in the general fund, monthly revenues and expenses, a $1.6 million transfer to a special relief fund for certified staff salaries, and routine bond payments made in September. The ending general fund balance was reported at $17.8 million.
Miss Dudek presented the district's financial summary for the period.
She reported a beginning general fund balance of $20,100,000, monthly revenues of roughly $1,400,000 and expenses exceeding revenues for the reporting month (an expected timing issue at this point of the fiscal year). She said the district transferred $1,600,000 to a special relief fund to cover certified staff salaries, leaving an ending general fund balance of approximately $17,800,000. Dudek also noted the district makes bond payments twice yearly in September and March and that the debt-service fund reflected interest payments remaining for the period.
Board members had no substantive questions beyond clarifying the high-level figures. The board took no additional fiscal action at the meeting.
