Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
North Spencer board approves $485,545.15 claims docket as treasurer warns of delayed tax check
Summary
The North Spencer County School Corporation board approved vouchers totaling $485,545.15 and heard from the treasurer that a delayed spring tax payment will temporarily depress several fund balances and reduce summer-school reimbursement levels.
The North Spencer County School Corporation board approved a claims docket covering vouchers 109359 through 109449 totaling $485,545.15 at its first regular June meeting.
The treasurer told the board that preschool balances are being finalized and that state reimbursements for summer-school activity have declined in recent years, meaning the district will receive less back than in prior years. The treasurer also said the district has not yet received its spring tax distribution; once that payment posts, the treasurer said, several fund balances will show a significant improvement.
Board members moved and seconded the motion to approve the claims docket and carried the vote by voice. The treasurer offered to answer questions on the specifics of the claims but no individual questions were recorded on the agenda.
The board also approved routine items that affect cash flow, including the treasurer's report and a motion to transfer $83,333 from the education fund to the operations fund to cover current needs. The treasurer cautioned that the transfer and current outlays are being managed with the expectation that the delayed tax payment will arrive and balance several line items.
The board adjourned for an executive session at the end of the meeting; no additional finance details were discussed in public before adjournment.
