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Treasurer reports December finances: revenues near $31.6M, district running ~3% under budget
Summary
The district treasurer presented December financial statements showing general fund year-to-date revenues of 31,600,000.0, year-to-date expenditures of $32,800,000 and an unencumbered fund balance across funds of 19,600,000.0; board filed the statements for audit and approved the investment report.
Winton Woods City School District — The district treasurer presented the December financial statements and an investment report during the board meeting. According to the presentation, general-fund year-to-date revenues were reported as 31,600,000.0, with month-to-date revenues of 2,800,000.0 (primarily state support). Year-to-date expenditures were presented as $32,800,000, and the unencumbered fund balance for all funds at Dec. 31 was listed as 19,600,000.0. The treasurer said the district is running approximately 3% under budget, a gap described as roughly $2,000,000.
On investments, the treasurer reported approximately $30,600,000 invested through December and listed interest earnings of about $102,940.89 for the period, with building funds and the general fund portions noted. Board members asked about monthly variance driven by differing maturity and redemption schedules; the treasurer explained those timing factors.
The board voted to file the financial statements for audit and approved the investment report, both by unanimous recorded vote.
