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Board reviews November finances and notes final bond payment that lowers tax burden
Summary
The board reviewed November financials showing a $1.3 million deficit in one fund, a year‑to‑date general emergency fund surplus of about $600,000, and a small year‑to‑date deficit across all funds; officials noted a final bond payment of roughly $300,000 was made, reducing community levy burden by about three mills.
The board reviewed the district's November financial statements. The presenter reported a deficit of about $1.3 million for certain funds in November; however, year‑to‑date the general emergency fund retains a surplus of about $600,000 and the district overall shows a small year‑to‑date deficit of roughly $100,000.
The presenter explained the November deficit was influenced by a final bond payment (a payment of just over $300,000) that was processed in November; after the bond payment, the district will effectively have approximately three mills less levy burden relative to prior years. The presenter also discussed other revenue and expense outliers, including a $36,000 auxiliary payment for St. Joseph and roughly $2,000 for bleacher/athletic inspections.
Board members asked clarifying questions about what the bleacher inspection covered and about remaining funds in an L2 account; the presenter said he would work with county and state auditors to access remaining balances and bring a transfer to the board for approval.
The board moved to approve the November financials and several appropriation and transfer items by roll call; votes passed (detailed tallies not transcribed).
