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Treasurer reports September finances: $12.0M general-fund balance, timing differences noted
Summary
The district treasurer told the board that September revenues were $1,256,578 and that the current general-fund balance is $12,001,240 (encumbrances $4,593,238, available cash $7,408,002). The report noted timing shifts in tax/rollback receipts and ongoing construction impacts on expenses.
The Amanda-Clearcreek Local treasurer presented the September financial report, summarizing revenue and expense details and explaining timing variances that affect monthly comparisons.
The treasurer reported September revenue of $1,256,578 and highlighted one‑time receipts tied to court‑placed and foster‑care funding received this month. Interest earnings for the month were $176,754, including $95,418 from construction‑related investments. The treasurer said total checks written for September were about $3,000,837.55 and cautioned that construction‑related disbursements influence the appearance of higher monthly expenditures.
The treasurer told the board that general‑fund expenses exceeded revenues by approximately $859,000 for the month and that salary and benefits accounted for roughly 67% of monthly expenditures. "Our current general fund balance is $12,001,240 with the encumbrances of $4,593,238, which brings the available cash balance to $7,408,002," the treasurer said.
The treasurer explained timing differences in rollback and homestead payments versus last year’s schedule and said staff will provide expanded reports next month that tie financials to student performance (cost per student and outcome measures) so the board can see how investments relate to results.
Board members moved and approved a motion to accept the financial report by roll call.
