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Finance director reports $1.4M salary surplus, $3.5M estimated fund balance as board accepts March report
Summary
The board received the end‑of‑March finances: about $1.4M surplus in salary lines (unfilled positions), benefits surplus of ~$2.2M (health insurance ~$1.3M), $666K returned attorney's‑fee revenue, and an estimated unassigned fund balance around $3.5M; the board accepted the expenses and encumbrances report.
Neil presented the district’s end‑of‑March expenses and encumbrances, telling the board year‑to‑date expenditures and encumbrances are close to last year’s levels and that there are material surpluses driven by unfilled positions.
Key figures included a roughly $1.4 million surplus in salaries due to vacancies and a $2.2 million surplus in benefits with health insurance contributing about $1.3 million. The district also recorded $666,000 in returned attorney's fees related to litigation revenue and has been able to bill more Medicaid and reimbursement work; staff said about $500,000 in Medicaid funds are available this year. Neil estimated an unassigned fund balance around $3.5 million before final year‑end adjustments.
The board moved to accept the expenses and encumbrances report, and administration said it will present recommended budget transfers at the next meeting.
