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Finance committee reports small variance from forecast; board renews Frontline analytics subscription
Summary
The finance committee presented the monthly cash report showing timing-driven revenue variance and a small overall variance (about 0.1%) from the five-year forecast; the board approved renewing a Frontline Education analytics subscription for $27,575.74.
The finance committee presented the district’s monthly financial report for February and explained that two primary drivers affected year-to-date results: timing of state/federal advances and new expenditures tied to Scenario Five facility work.
The Treasurer told trustees that reported revenue through February reflected timing differences and advances, which made year-over-year comparisons appear lower; she said the district expects those funds to settle in the normal cycle. On expenditures, administration said general-fund spending is higher than last year because Scenario Five repairs are underway; the treasurer noted that many of those costs were anticipated when the board approved the plan.
Administration also reported a very small variance between actual spending and the district’s five-year forecast — roughly $40,846, or about 0.1% of projected annual expenses — which the treasurer described as a favorable alignment between projections and actuals.
On analytics, the board approved renewing the district’s Frontline Education subscription for analytics, forecast comparison and demographic reporting. Administration said the three-line subscription provides comparative district data, graphs and access for up to five staff and that the fee for the upcoming year is $27,575.74.
The board approved the financial report and the Frontline renewal by online vote.
