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Britton-Hecla board approves February financials, payroll and claims
Summary
At its March 10 meeting the Britton-Hecla School District board approved February financial reports, payroll and a list of vendor claims; the district reported fund beginning balances, revenue and expenditures and listed key payroll and benefit payments.
The Britton-Hecla School District 45-4 Board of Education voted March 10 to approve business manager reports for February, including financial statements, payroll and vendor claims.
Business Manager Madisyn Neiber presented the month's figures. The district reported a General Fund beginning balance of $808,306.26, total General Fund revenue of $275,189.47 and General Fund expenditures of $377,589.18, leaving the listed General Fund ending balance at $705,948.21. The district also provided fund-level ending balances for capital outlay, special education, food service, enterprise and trust funds.
The board approved payroll and claims included in the business manager report. The packet lists General Fund salaries of $199,984.70 and special-payroll entries including Wellmark health insurance ($52,807.00) and SDRS retirement payments ($31,971.72). Other listed payments included vendor and operating expenses such as Otter Tail Power Co. electricity ($17,643.90), Full Circle Ag gasoline ($4,950.50) and multiple smaller vendor invoices for supplies, repairs and services.
The motion to approve the business manager reports and accompanying financial documents was made by board member Hawkinson and seconded by Erickson; the transcript records that the board voted aye and the motion carried.
The approval provides the board's formal sign-off on February transactions; no further adjustments or contingencies were recorded in the meeting minutes.
