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CFO reports October sales tax receipts of $1.82 million; unassigned fund balance at $34.1 million
Summary
CFO Miss Houston reported Oct. sales-tax receipts of $1,823,335 and an unassigned general fund balance of $34.1 million, equal to roughly 15% of the district budget.
Miss Houston, the district CFO, presented the monthly finance report and highlighted key figures for October and year'to'date totals.
Highlights provided by Miss Houston: October sales-tax receipts were $1,823,335; the district's unassigned general fund balance at Oct. 31 is $34,100,000, representing 15% of the adopted budget. The district reported a total fund balance (assigned and unassigned) of $63,000,000; year'to'date revenues of $47,000,000 and year'to'date expenditures of $73,900,000. Monthly revenues for October were $11,600,000 and monthly expenditures were $17,400,000.
Houston told the board the finance office had received notice of a slight delay in property tax remittances to the district; she said the existing fund balance will cover operations and avoid a tax anticipation note. She also reviewed special revenue, capital projects, and debt service summaries, noting planned capital work at Hayman Morris Middle School, Bear Creek and Winder-Barrow High School.
Board members had no further questions; the item was provided for information and there were no direct actions tied to the report.
