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CFO says September activity limited; $399,000 refund depresses local revenue
Summary
CFO Tony Kingman told trustees September is the first month of the fiscal year with limited activity, reporting a $399,000 tax refund tied to South Park Mall that reduced local revenue and noting Food Service Fund activity of 215,000 meals generating $854,000 in revenue.
Tony Kingman, the district’s chief financial officer, presented the monthly financial report for September and told the board that financial activity was limited at the start of the fiscal year. “Please note that as of September marks the beginning of the fiscal year, financial activity has been limited for the 1st month,” Kingman said.
Kingman explained…
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