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Board approves monthly finance report and budget amendment
Summary
The finance director presented November payroll and investment balances and the board approved a budget amendment resolution and the updated MASB superintendent-evaluation tool.
The Clarkston Community School District’s finance director presented the monthly finance report for November, outlining payroll, ACH and check-register activity, and investment balances. She listed payroll totals for pay periods (approximately $4.2 million and $4.0 million), monthly disbursements totaling $15,075,962.26 for November, and combined cash and investments just under $191 million. The three-year fund-equity snapshot showed general fund equity at just over $20 million for November.
After the report, the board moved and approved a budget amendment resolution as presented. The board also approved an updated superintendent-evaluation tool from MASB and affirmed that, by law, the board must evaluate the superintendent annually unless he qualifies for a multi-year evaluation cycle.
Board members thanked the finance director for a revised reporting format and requested ongoing monthly updates that will include December through February in the next report. The budget amendment passed by recorded affirmation and voice votes.
