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Mount Lebanon reviews finances; administration recommends AIU consortium participation and a $6,800 GASB 75 valuation contract
Summary
The treasurer reported October transactions and projections amid an absent state budget; administration recommended continued participation in the AIU joint purchasing consortium and recommended a $6,800 contract with Holly Consulting Group for GASB 75 valuation services; monthly bills, refunds and budget transfers were presented.
The treasurer's report for October showed the district's cash transactions, monthly expenditures and revenue projections and noted the district is operating without a final state budget. The superintendent and treasurer said year-to-date expenses amount to roughly $26 million and are currently covered with local revenue, but that the district awaits state funding.
Monthly items presented included a list of checks authorized between Oct. 16 and Oct. 31,…
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