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District holds tax levy steady; business official cites unaudited fund equity gain and reserve adjustments
Summary
The board moved to set the tax levy without increasing the total levy; the district’s business official reported an unaudited fund equity increase (transcript lists the increase as "$913,000.04 97"), a required $110,000 BAN premium reserve, reduced encumbrances by $735,000, and a plan to use $3.2 million in reserves to offset the levy.
The board advanced the district’s tax-levy resolution after a presentation from the district’s business official. "The total tax levy will remain the same as we presented during budget discussions," the business official said, noting only minor tax-rate changes of up to about $0.08 per $1,000 of assessed value.
She reported unaudited fund equity changes and reserve movements the board considered in setting the levy. The presentation described an unaudited total fund…
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