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Board reviews treasurer's report, approves expenditures and staff contracts with 3% CPI increase
Summary
Treasurer reported balances and an ending fund balance of $972,637.12; the board approved expenditures, a set of technical policy updates (first reading), and staff contract distribution that includes a proposed 3% CPI increase.
The district treasurer reported a beginning balance of $1,356,490.78, deposits of $37,498.25, expenses of $421,351.91 and an ending balance of $972,637.12. The local government pool balance was reported at $2,512,122.05.
Following the report, the board moved to approve the listed expenditures and voted in favor. The board also reviewed technical policy updates presented as a first reading and approved the first reading as presented. Later in the meeting, the board considered staff contract distribution that includes a 3% CPI increase across the board; a motion to approve distribution of the staff contracts carried unanimously.
Board members asked clarifying questions about highlighted lines in contract documents and noted the yellow-marked sections for future discussion. The superintendent and finance staff will finalize contract documents for distribution and report back on the fiscal impact at a future meeting.
