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Platte County SD #1 staff report $17M revenue, board discusses moving $500K to depreciation reserve
Summary
District staff reported roughly $17,000,000 in revenue and $16,000,004.99 in expenses, leaving about $563,000; trustees discussed transferring $500,000 to a depreciation reserve, holding $50,000 for subscriptions, and concerns over a roughly $300,000 shortfall tied to the state’s funding treatment of charter‑school ADM.
District finance staff (S6) briefed trustees on year‑end and next‑year budget considerations, reporting total revenue of approximately $17,000,000 and total expenses of $16,000,004.99, leaving roughly $563,000 that the district can allocate. S6 explained options: transfer funds to a depreciation reserve (no statutory limit) to purchase future assets, or place funds in cash carryover subject to the state limit (approximately $5,800,000). S6 said the depreciation reserve allows purchases for asset preservation…
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