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BCSC Q3 report: small revenue shifts, reserve targets near plan and projected year‑end cash balances
Summary
Finance staff told the board education-fund revenues are up about 1.5% while operations revenues are down just under 1% (property-tax caps cited). The district reported third-quarter reserve levels around 14.9% and forecasted year‑end cash balances after encumbrances.
At the meeting, BCSC finance staff (S16) presented the Quarter 3 financial report (July–September), reporting revenue and expenditure trends across operating funds and an updated cash-balance projection for the year.
The presenter said education-fund revenues are up about 1.5% year-to-date, largely due to a higher ADM earlier in the year, while the operations fund’s revenues are down just under 1%—a decline staff attributed in part to property‑tax caps. Operating-referendum revenue…
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