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District reports surplus, schedules final audit and approves cloud phone system
Summary
The board reported a budget surplus and an expected ~43% reserve after transferring funds into capital, said the final audit will be delivered in early fall, and approved a cloud‑based VoIP phone system to improve continuity.
S1, a presenter, said the district has concluded another fiscal year with a surplus and that the board authorized moving funds from the operating fund into Fund 4 (capital improvements), which is expected to leave the district with roughly a 43% reserve balance.
The presenter said Liz Smith, the district's executive director of business and finance, prepared a balanced proposed budget for the coming year based on anticipated revenues. S1 said the district continues to prioritize competitive salaries while managing the tax‑base dependence on local revenues.
S1 reported the preliminary audit is complete and the final audit report is expected in early fall; the presenter described current audit indicators as showing strong financial practices. "Every indication at this point is that we use really strong great practices in terms of all of our auditing or our business and office finance processes," S1 said.
On technology infrastructure, S1 said the board approved a recommendation to partner with CPI Crescendo for a cloud‑based VoIP phone system to reduce dropped calls during power or service outages and improve continuity of communications.
Next steps: final audit report when complete; staff to implement the phone system and continue budget planning for capital projects.
