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District finance chief says third-quarter numbers track to a potential $557,379 surplus
Summary
CFO George Trieb told the board the district's third-quarter revenue and expenditures are tracking as expected and that, if current spending trends continue, the district could expect a surplus of $557,379; board members asked clarifying questions about specific line items.
Chief Financial and Operations Officer George Trieb told the Colchester School District Board on May 6 that third-quarter revenues and expenditures are tracking largely as expected.
Trieb said that if current spending trends continue the district could expect a surplus of $557,379. Board members asked follow-up questions about specific items in the report; Trieb answered clarifications but did not change the overall projection. The board will continue to monitor actual expenditures and revenues through year end.
