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CFO reports $153,269 projected surplus for second fiscal quarter
Summary
Chief Financial and Operations Officer George Trieb told the board the district is tracking close to budget and could see a $153,269 surplus for the fiscal year if current spending continues; he delivered the second-quarter overview to the board.
Chief Financial and Operations Officer George Trieb delivered the Colchester School District's second-quarter financial report on Feb. 17 and said revenue and expenditures are tracking mostly as expected. Citing current spending trends, Trieb said the district should expect a $153,269 surplus if the trend continues.
Trieb answered board questions about bids and funding strategy for upcoming projects and provided context for capital needs discussed later in the meeting. The report was presented as information; no formal vote accompanied the financial overview.
