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Board gets August financials; district cites $80M bond anticipation note and impact fees used for Flint Hill projects
Summary
Finance staff reported the new fiscal baseline (~$254 million), August revenues and expenditures, impact fees collected (~$81.4M plus ~$7.46M interest), and an $80 million bond anticipation note with portions allocated to pay a previous note and to Flint Hill construction and energy projects.
Miss Lourdough presented the district's August financial snapshot and impact fee status and answered board questions about audits and bond ratings.
She said the district's new budget baseline is roughly $254,000,000 and monthly expenditures under the new budget run about $20,900,000. For August she reported total revenues of $24,210,300 and total expenditures of $28,922,000, noting the district drew about $4,700,000 from fund balance for that…
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