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Finance report: basic school support and audit update
Summary
District finance staff reported basic school support of $384,338, interest income of $19,630 and a temporary enrollment-related realignment that added about $40,000 to Echo's allocation; audit field work is nearly complete with one outstanding review item.
District finance staff presented the monthly financial update, including revenue and audit status.
"The basic school support came in at 384,338," the staff member reported, and noted interest income of $19,630. Staff said some districts reopened enrollment estimates, producing a temporary realignment that benefits Echo by about $40,000 for now; staff said they expect another realignment in November.
Audit field work was described as nearly complete with one outstanding review item that was missed on the auditor's original list; staff did not anticipate any substantive issues from the remaining review. Trustees asked procedural questions and then moved on to other agenda items.
