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Board hears financial update: meal participation up, reserves invested and contingency planning discussed
Summary
Finance Director Tristan Green reported FYTD cash transactions, higher meal counts and new investment earnings after moving reserves to a state investment pool. Trustees discussed legal limits on reserves, use of special funds, and how proceeds from property sales would be categorized; board approved the monthly financial reports.
Finance Director Tristan Green presented the district's monthly financial report to the board on Nov. 10, outlining cash transactions, encumbrances and reserve strategy.
Key points: Green said fiscal-year-to-date cash (true cash) is presented in the report and encumbrances reflect purchase orders. The district has spent about 21% of this year's budget to date. School meals are up roughly 18.99% compared with the same early period last year (about 6,800 more meals served).…
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