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Finance director reports $2.7M in excess regional/local revenue; board discusses moving $10M—$13M to a building fund
Summary
The finance director presented unaudited results showing about $2.7 million more revenue than budgeted (largely local receipts and interest), outlined scenarios for transferring $10M—$13M from unassigned fund balance to capital, and noted state scrutiny of fund balances above roughly 20% of expenditures.
Finance director Alicia Brady presented the district's quarterly unaudited financial results, reporting about $2.7 million more in revenue than budgeted for 2024-25, primarily from local collections and interest receipts. Brady said interest revenue totaled just under $1.6 million from the county and that approximately half of that was from prior-year receipts; she described some of the revenue…
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