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Board hears updated budget projections as trustees press for underlying documentation
Summary
Administration told the board of updated revenue and expense projections that include a $500,000 increase in interest revenue and about $1.866 million in reduced state aid; trustees, led by Trustee Christine Bello, pressed for vendor‑level expenditure backups and asked for compliance with recommendations in the comptroller's audit.
Miss Roehring presented an updated budget development update, telling the board that revised assumptions — including reclassification of certain payments as bond principal and interest, custodial contract adjustments, and a $500,000 upward revision to expected interest earnings — left the district with a net revenue projection reduction from state aid of about $1.866 million and an overall adverse swing of roughly $1.366 million from earlier estimates.
Roehring said the budget now reflects staffing additions for the new…
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