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Finance staff: year-end reconciliation underway; asset valuations planned
Summary
District finance staff reported reconciliation of year-end reports with county records, coordination with the ESD and a forthcoming meeting with the county treasurer; staff recommended professional valuations before any discussion of liquidating district assets.
John Haskell delivered the financial update, saying staff are reconciling the district's records with the county and that assistance from the Educational Service District has been helpful during the transition. He said transactions are being reviewed and that a meeting with the county treasurer will occur at the next board meeting to discuss accounting alignments.
Haskell advised that any discussion of selling or liquidating district assets would require reliable market-value information and a formal appraisal rather than a web search: "It's gonna take a month... to get an appraisal person to give us a good detailed report, and give the board a sound footing on steps to potentially move forward." The board agreed that asset valuations and further financial reconciliations are needed before any decisions about assets are made.
