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Board gets year-end financial snapshot: revenues slightly above budget, expenses below
Summary
A district fiscal update showed total receipts up modestly year over year and an ending balance increase; staff reported revenues realized at 102.6% of budget and expenses at about 86.7% of budget.
At the meeting’s opening, Unidentified Speaker 1 gave a concise fiscal summary for the district. The presenter said total receipts showed a 3% increase from the prior year ($28,400,000 reported), general fund receipts (excluding beginning balance) were $22,100,000, expenses were $20,800,000 (a 30% decrease compared with the prior year), and the ending balance was $7,700,000 (about a 21% increase). The presenter also stated district revenues were realized at approximately 102.6% of budget and expenses tracked to about 86.7% of budget.
The presenter noted payroll timing affects some expense figures because the district’s annual payroll cycle does not begin for all employees until August. No supplemental budget amendments or new appropriation requests tied to this report were proposed during the public discussion.
Board members did not request additional financial details during the meeting’s remarks on the fiscal snapshot; staff offered to provide clarifying breakdowns if the board later requested them.
