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Finance staff reports accrual accounting, CAR deadline and nutrition fund figures
Summary
Miss Demmer told the board the district reports on an accrual basis while year‑end processing continues, the Certified Annual Report is due Sept. 15, and the nutrition fund posted roughly $6 million in revenue and $5.7 million in expenditures last year.
Miss Demmer presented the quarterly budget report and reminded trustees that the district reports on an accrual basis while it continues year‑end processing. She said final figures will be available after the district completes the Certified Annual Report upload to the Department of Education, which is due Sept. 15.
Demmer flagged that expense projections appear generally accurate but that some encumbrances will carry forward into the next fiscal year as staff close out projects. She characterized the nutrition fund as an enterprise fund expected to be self‑sufficient and reported it had "a little over $6,000,000 in revenue" and about $5,700,000 in expenditures for the last year, while noting ongoing food‑service staffing challenges.
Board members asked questions about projected multi‑year general‑fund shortfalls and the budgeting tradeoffs that drive use of reserve and capital funds. The board subsequently moved to approve the quarterly budget report by voice vote.
