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Ashland City School Board approves levy resolution, accepts five-year financial forecast; treasurer cites possible $411,000 Rover pipeline payment
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Summary
The board approved a resolution accepting amounts and rates as determined by the budget commission and accepted a five-year financial forecast; Treasurer Klingler said the district expects possible collections of $411,000 from the Rover pipeline for prior fiscal-year receipts.
At its Feb. 23 meeting the Ashland City School Board voted to approve the treasurer's consent calendar, which included a resolution accepting amounts and rates as determined by the budget commission and authorizing needed property-tax levies.
Treasurer Klingler told the board these steps align with requirements for the district's five-year financial forecasting and permanent-appropriation updates. "This is something that we approve to let the budget commission know that all of our property tax levies that we do have ... we need to continue collecting those and that we needed in our budget," Klingler said.
During discussion of the financial forecast Klingler noted a possible receivable related to the Rover pipeline for fiscal year 2019: "Our total would be $411,000. We'll know in the next week or whether they've paid it or not," he said, adding that county auditors had indicated partial payment was more likely than full payment.
The board moved, seconded and recorded affirmative votes to approve both the treasurer's consent calendar and the five-year forecast. Board members also authorized updates to permanent appropriations to match the forecast. No changes to levy rates were detailed in the public portion of the meeting; specifics will be posted in the district financial documents and the five-year forecast when finalized.
The board later entered executive session to consider employment negotiations and did not take further public business after that session.
