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Board reviews June financials showing education fund revenue near $27 million and planned December tax draw
Summary
Business office presented year-to-date fund balances and revenue/expenditure figures (education, debt service, operations, capital referendum, rainy day fund) and asked trustees to approve the June 30 financial reports; trustees approved the reports by voice vote.
District finance staff presented the monthly financial report comparing year-to-date revenues and expenditures across tax-supported funds and recommended approval of the June 30 financial statements. Highlights included education fund year-to-date revenue of $27,000,006.56 and year-to-date expenditures of $28,000,004.53, a $655,000 monthly transfer to operations, and debt-service and capital fund balances with next tax draws scheduled for December.
Finance staff said the $345,000 temporary loan from the rainy day fund to the pension debt fund will be repaid in December and that all debt-service payments for listed funds have been made. After the presentation a motion to approve the financial reports was moved and approved by voice vote.
