Treasurer reports monthly finances; board approves bills and salaries
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Summary
The board received a detailed October financial report showing receipts up from last month and notable payables; the treasurer's report and payment of bills and salaries were both approved by voice vote.
At the Muhlenberg County Board of Education—usiness meeting, Mister Blessing presented financial statements through Oct. 31 and outlined receipts, expenditures and fund balances.
Key figures presented by the treasurer included a beginning balance cited around $34.8 million, monthly receipts of roughly $3.47 million (an increase from the previous month), and payroll totaling approximately $33,065,000 (as reported). He noted significant payables in general fund, debt service and construction categories and specifically referenced an $11,000,000 check to Old National Wealth Management along with other contractor payments and payroll liabilities. The ledger balance and bank balances were also cited along with outstanding checks.
Board members asked for questions; none were raised. A motion to approve the treasurer's report was made by Mister Powers, seconded by Miss Allen, and approved by voice vote. The board then reviewed and approved payment of November bills and salaries after the treasurer listed a total of $367,002.76 in board bills and a breakdown of utilities, fixed/mixed and variable expenses.
The board took no additional action that would alter budget authority at the meeting; staff said bonding and reimbursements tied to recent projects will affect extended financials in coming months.