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Finance report: district ends July with 7.2% fund balance; board discusses targets and bus depreciation
Summary
The business manager reported a 7.2% fund balance through July 31 and projected that at current burn rates this represents about 22 days of operating cash; board members discussed whether a 30‑day target (about 8%) is preferable and reviewed encumbrance software issues and bus depreciation timing.
The district’s business manager presented a finance snapshot through July 31 at the Aug. 28 board meeting showing a 7.2% fund balance, which was above the board policy minimum of 6%.
The presenter cautioned that July and August are seasonally high revenue months (state revenues flow then) and framed the 7.2% as equivalent to roughly 22 days of operations at the current daily expenditure rate. Board members debated whether the fund balance policy should aim at a 30‑day target (about 8%) or…
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