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Board reviews quarter‑end finances, notes tax distribution shortfall and approves laptop purchase; votes to enter closed session on land acquisition
Summary
The board reported a PTIF balance of $352,667.97, noted an expected $499,004.90 distribution had not fully arrived, agreed to contact the treasurer for reconciliation, approved up to $2,000 for a district laptop and voted to go into closed session to discuss a real estate acquisition.
The board reviewed its fourth‑quarter financial report and discussed an unexpected shortfall in anticipated tax distributions.
Speaker 2 reported that total receipts into the PTIF were $352,667.97 and that the operating cash balance was approximately $347,000. "What came in was $352,667.97," Speaker 2 said. Board members noted they had been expecting a figure near $499,004.90 and observed a roughly $100,000 difference; members agreed the gap may reflect timing differences in tax collections and directed staff to contact the county…
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