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Board reviews May finances; treasurer reports fund balances and interest income
Summary
The treasurer reported May receipts and fund balances, noted utility cost variances and that interest income for May totaled $84,995.93; the deputy treasurer moved to approve the monthly financial report and the item proceeded to vote.
The treasurer presented the monthly financial report showing May receipts and balances across district funds and discussed utility cost changes year over year. The treasurer reported interest earned for May of $84,995.93 and said the district’s activity account held $1,181,691.28 at month-end. The transcript includes several numeric lines with garbled separators; the treasurer presented totals for the general, building, bond and sinking funds and a combined district balance.
Board members asked clarifying questions about an expected utility rate increase (a 6% notice was mentioned) and staff said the budget would be adjusted for the higher utility costs. Deputy finance staff called for a motion to approve the monthly financials; members moved and seconded the item and it was placed for vote.
The board did not record detailed roll-call vote tallies in the transcript for this item; the motion was presented, seconded and advanced in the meeting.
