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DD2 finance presenter: healthy fund balance cushions district against state budget timing
Summary
Finance presenter Miss Meunier told trustees the district has stronger assets and a growing fund balance (net change of $19 million year-to-date), reported $244.9 million in revenues through May and $225.8 million in expenditures, and warned state budget timing could delay some state dollars.
Miss Meunier presented the May financial report to the DD2 board on June 24, saying the district's total assets are higher than a year ago and that even with possible state-timing delays the district has a healthy fund balance to cover expenditures.
"Our total revenues through May of $244,900,000 whereas our expenditures through the May were…
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