Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Financial Overview topic
No spam. Unsubscribe anytime.
District 518 presents preliminary July financial overview; numbers compared to unaudited prior year
Summary
Finance staff presented a July financial report noting total operating fund revenues around $2.1 million and that percentage comparisons use the preliminary budget and unaudited prior-year numbers; board discussion was limited and no budget amendments were requested.
Carmen, finance staff member, presented the monthly financial overview for July and told the board that July is the district’s first month of the fiscal year, which limits direct year-to-year comparisons.
Carmen said total operating fund revenues for July were approximately $2,100,000 and that the current-year percentages are being compared to an unaudited prior year and to a preliminary budget approved in June. She cautioned the board that those prior-year numbers are unaudited and that the district’s approved June budget is preliminary, so percentage comparisons are a general guide rather than a finalized accounting.
Carmen told members that as the year progresses and audits are completed, the board will see clearer financial comparisons. No motions to amend or adjust the budget were offered at the meeting.
Board members had no additional questions; the meeting proceeded to the next agenda item.
