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New Lothrop board approves $985,329.86 in bills, accepts monthly financial report
Summary
The board approved payment of $985,329.86 in bills and accepted the monthly financial report showing an ending balance of $1,671,411.79; both measures passed 7-0 on Dec. 16.
The New Lothrop Board of Education approved payment of bills totaling $985,329.86 and accepted the district's monthly financial report during its Dec. 16 meeting.
Board member Jim Eustace read the bills for payment: $923,643.74 from the general fund and $61,686.12 from the school service fund, for a total of $985,329.86. Ashley Krupp moved to approve payment of bills and Joseph Henige supported the motion; the motion carried 7‑0.
The ledger reported a beginning balance of $1,453,664.98, receipts of $1,203,076.64, expenditures of $985,329.86 and an ending balance of $1,671,411.79. Tim Birchmeier moved to accept the monthly financial report and Wendy Vincke seconded; the motion carried 7‑0.
What this means: The board approved routine disbursements and accepted the monthly accounting as presented. The minutes do not record further budget amendments or conditions tied to these approvals.
