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Nyssa SD 26 financial update: modest general-fund carryforward, bond balance and audit draft timeline
Summary
District finance staff reported a year-to-date general-fund carryforward of about $74,000, a middle-school bond balance of $55,670 (with a large tax receipt expected in November to cover a December debt payment), and a food-service operating deficit of about $53,000 as of Sept. 30. Auditors completed field work and an audit draft is expected mid-November.
Crystal, the district finance presenter, told the board that financial statements through Sept. 30 show a general-fund ending balance of a little more than $74,000 to carry forward for the school year.
Crystal explained that a first payment to the district's virtual-school partner (OpenEd) was coded under purchase services, which made that line item larger than usual. She said the…
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