Board reviews October 2020 financials; administrator explains state 'short tax' makeup
Summary
The board reviewed October 2020 finances: $270,541.75 in monthly expenditures, fiscal‑year revenue of $1,003,544.97 and a $35,555.61 state short‑tax makeup payment that offsets prior local tax shortfalls.
Administrators presented the district’s October 2020 financial report, noting monthly expenditures of $270,541.75 and year‑to‑date revenue of $1,003,544.97. Instructional expenditures for the month were $157,683.69, leaving a stated percentage of that budget remaining. The presenter walked trustees through department and program breakouts (transportation, maintenance, major maintenance and capital construction) and explained timing effects from when bills are paid.
The presenter explained a state 'short tax shortfall' payment of $35,555.61 that compensates for local taxes that were not collected in a prior year; in effect the state guarantee program makes up the difference to preserve the district’s foundation guarantee. "What that is is, this isn't from the state paying us from last year—the money that the local taxes didn't pay. So the county had a certain amount that they were assessed to pay. They didn't, so the state makes up the difference in our program," the administrator said.
Other accounts were reviewed: lunch fund balance ~$10,182.45 (including two months of food purchases), major maintenance spending $11,505 this month, capital construction with 82.24% remaining, and special revenues expensed $35,578.18. The presenter noted a spreadsheet display issue and said staff will reconcile and provide corrected year‑to‑date figures.
Board members asked about the timing of utility bills and other recurring costs; administrators said some months show double billing because of timing around the previous meeting and that they will follow up with corrected visualizations.
