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Treasurer reports December loss, board approves $500 donation to theatre program
Summary
Treasurer Scott reported a December loss of about $450,000 for the general and emergency funds and a year-to-date deficit of about $577,000 (noting bond payment timing); the board accepted a $500 donation for the Waterloo theater program and approved December financial statements.
The district treasurer presented December financial highlights and the board approved the financial statements for December 2024.
The treasurer reported a December loss of about $450,000 for the general and emergency funds and a year‑to‑date deficit of roughly $577,000, noting that bond payments made in November contributed to the timing of those results. He cited several expense items including a $25,000 fuel‑management system update and a $23,000 payment to a fence company for track repairs; the treasurer said the district's foundation is expected to reimburse the fence expense.
"December for general and emergency fund, we had a loss of about 450,000," the treasurer said, and he added that some timing differences will appear in January financials.
The board also accepted a $500 donation from Sergeant Chevrolet to support the Waterloo theater program and approved the minutes from the Dec. 12 meeting.
