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 estimate of needs amount," and noted that figure was up about 0.5% from the prior month.

Revenue and collections were reported as up $2,500,000, with the officer saying part of that increase "was in the state category". The building fund's encumbered/spent level was described as 71.2%, an increase of 3.2% from the prior month, and collections in the district category were described as up by $2,153. The child nutrition program was reported with encumbrances/expenses at about 64% and a federal revenue increase of $59,000. The business officer also reported the bond fund remained largely unchanged and that the board had approved a new purchase order; the sinking fund encumbrances rose by $61,002.50 that night, and sinking fund collections were up $14,000.

Board members asked a few clarifying questions. One board member asked about an earlier-reported $19 million carryover; another characterized that number as likely bond money. The business officer summarized: "We're right on track with last year".

No board action beyond routine approvals mentioned in the consent agenda was taken regarding the financial report; the figures were presented for review and discussion.