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Board reviews May financials, approves movement of $66,327 and agrees to shortfall resolution
Summary
Business staff presented May reconciled financials showing a cash balance of $13,000,002.24, recommended moving $66,327 from two 16th‑section accounts to district maintenance, and requested a shortfall declaration of roughly $316,000 for the coming year; the board approved the fund movement and the resolution.
The Georgetown School District's business office presented May financials and several budget actions for the board's approval.
Director (Business) (S6) told the board that May accounts were reconciled and reported a cash balance of "$13,000,002.24." He noted a roughly $1.2 million decrease compared with the prior period but explained the change was driven by normal year‑end federal drawdowns and closing of the fiscal year. S6 said preliminary June figures will be presented next month once final numbers are available.
As part of year‑end housekeeping, the business office asked the board to move $66,327 from two 16th‑section accounts into the district maintenance fund to close out the 2025–26 school year and cover maintenance work. The motion to move the funds was presented and approved.
S6 also described a district shortfall related to fiscal timing for meal funding and maintenance accounts. "This year, 316,000," S6 said when citing the amount of the shortfall largely in district maintenance. The board was asked to approve a resolution declaring that shortfall to allow planning for the next fiscal cycle; members approved the resolution as presented.
The business office also reported that the district received an ESSER III clearance letter after an ESSER III audit, a positive administrative result that the presenter highlighted as important for federal program compliance. The board voted on the listed financial motions and approved the recommended movements and shortfall resolution; specific roll-call tallies were not fully transcribed.
