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Board approves year-end budget plan after audit update
Summary
District business staff reviewed year-end financial reports as of June 30 and recommended approving the year-end plan; the board moved and approved the plan after discussion of timing, medical cost trends and audit status.
District business official Mr. Trowbridge presented the board with executive revenue and expenditure summaries as of June 30 and recommended approval of the budget year-end plan.
Trowbridge said revenues and expenditures show some overages and underruns by category, with medical costs trending high due to timing across fiscal years, and that auditors were on site and the audit was proceeding favorably. He recommended leaving the year-end budget as is and returning in August if auditors find anything that requires restatement.
A board member moved to approve the budget year-end plan as presented. The motion was seconded and a roll call was taken; the board recorded the vote and the motion carried. The board approved the budget year-end plan and will proceed to prepare fall budget publications and further budget hearing work informed by audit outcomes and updated enrollment and property values.
Board members noted the need to monitor staffing and enrollment and to be prepared for a possible referendum discussion in the coming years given state funding uncertainties (discussed elsewhere on the agenda).
