Pleasant Hill board accepts pre‑audit financial report showing a small operating surplus

The Pleasant Hill SD 1 school board voted to accept the district’s fourth‑quarter financial report (ending June 30) during its Aug. 18 meeting, with administration reporting a pre‑audit operating surplus of approximately $31,000.

A staff financial presenter summarized revenue receipts and grant funding cited in the meeting: state school fund payments (reported as totaling about $8,500,000), $31,000 from the county school fund, roughly $159,000 from the common school fund, a small high‑school grant (reported as $54,000), and $85,000 from a high‑cost disability grant. The presenter also reported investment interest receipts and summarized year‑end operating expenses and reserve draws; several figures were presented as preliminary and subject to audit adjustments.

Board discussion included procedural questions about state budgeting and whether the recent state budget issues affected school funding; staff replied that, as presented, transportation was impacted in state discussions but that education funding was left intact in the state actions discussed. The board then moved and approved acceptance of the financial report.

The board also reviewed the July financial report (first month of the new fiscal year). Staff noted the common start‑of‑year pattern: an early double payment of the state school fund that provides initial cash, limited expenditures in July and typical adjustments that auditors make as enrollment and tax receipts firm up.

Administration said auditors will perform standard year‑end adjustments before figures are finalized. The board accepted the reports by voice vote.