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Holcomb board signs off on end-of-year warrants totaling $457,744.49 and new-year warrants of $639,049.59
Summary
The board approved two sets of warrants: $457,744.49 to close the prior fiscal year and $639,049.59 for the new fiscal period. Finance staff said the district spent its general fund as planned and identified major encumbrances carried into the new year.
Finance staff presented the warrants and an end-of-year financial overview, noting several large encumbrances that were paid this month and a lower cash balance than in previous years due to capital outlay.
"So the torn total warrants finish out the year $457,744 and $50.49 cents," the finance staff said while reviewing vendor items and totals. The board moved and approved the warrant for the period ending June 30 in the amount of $457,744.49.
Staff highlighted major payments carried into the new year, including property insurance ($325,418.76), approved desktop and monitor purchases ($93,556.93), and workers' compensation insurance ($66,974). The finance presentation also noted a roughly $590,000 cash balance after capital projects and a decline in student numbers that affected revenues.
The board also approved a second set of warrants for the new year totaling $639,049.59; the superintendent and clerk confirmed these included expenses encumbered at the end of the prior fiscal year. Both motions carried on voice votes.
