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Finance report shows February surplus; trustees debate fund-balance target and monitoring procedures
Summary
Finance staff reported February revenues exceeded expenditures and year-to-date revenues exceed expenditures, though a small deficit of about $300,000 remains on paper; trustees discussed aligning board fund-balance language with state reporting and creating clearer monitoring/operating procedures.
Finance staff told the Tecumseh Public Schools Board that February produced more revenue than expenditures and that, year to date, revenues exceed expenditures. The treasurer's report noted a small budget deficit of about $300,000 in the current budget documents but said administrators expect to present a positive year-end outlook in a May update.
"February was a good month in that we actually brought in more money than we spent," Mr.…
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