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District reports stronger local revenue, moves nearly $13 million to capital projects
Summary
Finance staff told trustees local revenue exceeded estimates and that the district transferred about $12.96 million to the capital projects fund in addition to earlier sales tax earmarks; the report explained components of capital funding and carryover state funds.
Finance staff presented an end‑of‑fiscal‑year summary showing local revenue stronger than expected and described transfers to capital projects.
The finance presenter reported local revenue exceeded expectations and identified roughly $3.3 million in additional local sales‑tax receipts as part of the increase. She said the district’s one‑month fund balance was about $12.3…
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