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Board reviews October expenditures, grant-spend targets and audit status
Summary
Finance staff reviewed October checklists including technology and contracted services, outlined grant encumbrance/spend percentages and a target to reach 50–60% spent/encumbered by December, and said the district submitted its FY23–24 audit to the state auditor on time (exit conference complete).
The finance report reviewed October expenditures and grant monitoring as the board took up business.
Reporters (finance staff) said the October checklist included technology replacements (laptops, iPads and chargers), contracted instructional services, classroom supplies and fuel. Examples of grant encumbrances and spending were recited — the transcript lists percentages for several grants and staff said the goal is to be 50–60% spent and encumbered by the end of December.
Finance staff noted that the district has not yet received an IMPA state payment for fiscal year 24–25; historically deposits arrive in November or December and delays have occurred previously when other budgets were not approved on schedule. The FY 23–24 audit was submitted to the state auditor by the Nov. 15 deadline and an exit conference was held; auditors will present audit details to the board once the audit is public.
Board members asked contingency questions about timing for state payments and the finance staff outlined options for follow-up if payments are delayed.
