Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget And Finance topic
No spam. Unsubscribe anytime.
Board reviews unaudited financials and flags several budget variances for correction
Summary
District Manager presented unaudited financial statements as of Sept. 30, 2024, noting General Fund engineering at 209% of budget, contingencies at 421% with $4,209 misclassified, NPDES reporting filing at $19,805 (152% of budget) and a 2022 note debt-service line at $74,480 (205% of budget); staff to request invoices and correct ledger errors.
Mrs. Adams presented the unaudited financial statements as of Sept. 30, 2024 and drew the board's attention to multiple line items requiring follow-up. She said the General Fund 'Engineering' line is at 209% of budget and may include expenditures that belong in Special Revenue funds; 'Contingencies' shows 421% of budget, with $4,209 that should be categorized under 'Other contractual' as a landscaping expense.
Board members asked for backup documentation. Mr. Blumenthal questioned the NPDES reporting filing item of $19,805 (152% of budget) and the 'Debt service (prin & int) 2022 note' item listed as $74,480 (205% of budget); Mrs. Adams said she would request paid invoices and that Corporate had addressed one error the day before and corrections will appear in the next financial statements. Staff also noted an $8,672 'Series 2022A Note' line under review for preliminary expenses.
Mr. Krebs raised a separate facilities-sign issue: signs should read 'Southern Hills Drive' rather than 'Southern Hills Court' and more than 50 lake and wetland signs were reported as rusted and unsightly; Mr. Willis will inspect and coordinate replacements with Mr. Kurth. No budget reallocations were approved at the meeting; staff will return with corrected entries and supporting invoices.
