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Brandon Valley School Board approves $1.75 million in bills, reviews cash position and capital projects
Summary
The Brandon Valley School District 49-2 board approved $1,753,000 in bills and claims, heard a financial report showing roughly $30.26 million in ending cash and updates on capital projects including a $7.5 million middle school addition and related deferred maintenance.
The Brandon Valley School District 49-2 board on the evening approved $1,753,000 in bills and claims and reviewed the district’s May financial statements.
Business manager Mr. Lumbberg told trustees that roughly $1.1 million of the bills represent two construction contracts — Visions Construction and Pesca Construction — and that the remainder covered payroll, curriculum work, substitutes, and payments for unused sick and personal days. “1,753,000 of total bills,” he said, adding that pay for unused sick days totaled $61,125 and pay for unused personal days for certified and classified staff totaled $111,825.
In the month of May the district began with about $19.96 million in cash, Mr. Lumbberg reported. Receipts in May were roughly $16.42 million and disbursements about $6.1 million, leaving an ending cash balance of approximately $30.26 million. He broke out fund balances as about $14.5 million in the general fund, $7.566 million in capital outlay, just under $2 million in special education, $1.338 million in bond redemption, $68,000 in the enterprise fund and $4.8 million in the capital projects fund. Investments included South Dakota FIT money market accounts, First National Bank money market accounts and CDs.
Mr. Lumbberg also summarized the district’s revenue-to-budget position — revenue collected year to date was about 95.53% versus 96.1% last year — and projected general fund expenditures to finish the year near full drawdown.
Trustees approved the bills and claims and the financial report by voice vote.
Votes at a glance - Agenda approval: approved by voice vote (SEG 015–023) - Minutes (May 11, May 26): approved by voice vote (SEG 024–032) - Bills and claims ($1,753,000): approved by voice vote (SEG 035–071) - Financial report (May): approved by voice vote (SEG 072–177) - General business items 1–4: approved by voice vote (SEG 260–266) - Personnel items 1–11: approved by voice vote (SEG 266–271) - Adjournment: approved by voice vote (SEG 313–319)
The board did not provide roll-call tallies in the transcript; actions were recorded as approved by voice vote.
