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Board approves $628,008.51 in February bills; treasurer reports $2.0 million ending balance
Summary
Treasurer reported an ending fund balance of roughly $2.0 million for February and the board approved $628,008.46 in bills covering payroll, utilities, inspections and equipment; a financial update flagged rising assessed valuations and timing for the local levy.
The Pendleton County Schools Board approved payment of February bills totaling $628,008.46 and received its treasurer's report showing a February ending fund balance reported at roughly $2,000,001.48.
Speaker 4 presented the treasurer’s report, saying the district began February with a balance around $2,592,008.55 and after receipts and disbursements (largely payroll), reported the month-end balance in the $2.0 million range. Interest income for the month was reported as approximately $9,004.33, with a cited interest rate near 4.38 percent. Speaker 2 recommended approval of the report and the board approved it by voice vote.
Speaker 4 then reviewed the bills for February, noting totals of $628,008.46 that included Board of Risk quarterly payments, a bus-lift inspection ($1,450, 95% reimbursable), a floor machine purchase ($5,995), Edmentum Academy charges ($78.70), and higher-than-usual electric bills (around $38,000) after an unusually cold period. Propane and diesel costs were noted at about $30,000 for the period covering mid-January into mid-February. Speaker 2 recommended payment and the board approved the bills by voice vote.
In a broader financial update, speaker 4 also explained that assessed property values rose (reported in the transcript from about $713,000,000 to $739,000,000) and reminded the board that local levy rates are set by the state and must be set between March 7 and March 28 with formal laying of the levy the following month. The speaker said the district is monitoring potential federal funding changes (Medicaid, Secure Rural Schools) but had no concrete updates at the meeting.
No roll-call tallies were recorded in the transcript excerpt: votes were taken by voice and the motion results were announced as passing.
