Board approves August financial report and $132,500 budget amendment to cover auditorium seating
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Summary
Clinton City School Board approved the August financial report and Budget Amendment No. 1 (net increase $132,500) to cover completed auditorium seating; Mr. Ray said roughly $83,000 will come from fund balance and the district remains fiscally stable.
The Clinton City School Board approved the August financial report and passed Budget Amendment No. 1 to account for completed site work on the district auditorium.
Mr. Ray reviewed the financial packet and provided a paper copy that reflected the finalized budget. He said education capital projects — specifically auditorium bleacher seating — were over budget and that the amendment will increase appropriations by $132,500. "The net effect of the increases and decreases to our expenditures is a $132,500," Mr. Ray said. He explained that $83,000 will be taken from fund balance to cover the net increase and that, when combined with last year’s carryforward, the district is not materially spending down reserves.
Mr. Ray also walked through federal projects and the school nutrition fund, noting the cafeteria fund produced a monthly surplus of approximately $12,000 for August and that most federal-project costs are payroll for teachers and teaching assistants. After discussion the board voted to approve the August financial report and the budget amendment in roll-call votes; the chair announced “motion carries.”
Board minutes and the supplemental budget documents will be uploaded to the district website for public inspection.