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District financial update: May cash balance reported at $9.83 million
Summary
Dr. Baker reported a beginning balance of $10,899,937.20, expenditures of $1,663,861.06 and a May-end cash balance of $9,831,227.86; he said the cash position is slightly stronger than last year and the board placed the report on file.
Dr. Baker presented the district financial summary and told the board the beginning balance was $10,899,937.20, total expenditures were $1,663,861.06 and the cash balance at the end of May was $9,831,227.86. “So in your materials, you noted that the beginning balance was $10,899,937.20, and that our total expenditures were $1,663,861.06, and that our cash balance, at the end of May was $9,831,227.86,” Dr. Baker said.
Dr. Baker characterized the position as comparable with last year and said it was “a little more than last year.” The board had no questions and received the financial materials to be placed on file; no budget amendments or reallocations were proposed at the meeting.
