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Piedmont financial report: general fund near 93% of allocation; sinking fund encumbrance approved
Summary
The district business officer told the board the general fund is about 93% encumbered/spent for the year, revenue collections increased and the board approved a sinking fund encumbrance of $61,002.50.
The Piedmont Public Schools business officer presented the monthly financial report showing the district’s general fund encumbrances and expenditures near 93% of the year’s allocated amount and reporting several modest revenue changes.
At the start of the financial report the business officer said, "If you take the encumbered and spent, we're at 93% of our allocation for the year of our…
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