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Finance director reports September fund balance of $9.685 million; enrollment near budget
Summary
District finance presenter Miss Porter reported a September month-end fund balance of $9,685,000, explained a large canceled warrant affecting totals, and gave September FTE enrollment of 5,315 versus a budgeted 5,330 and a 10-month average of 5,335.
Miss Porter presented the financial highlights for September and October and noted typical September payroll activity and a large, unusual canceled warrant tied to a single medical-premium payment to the state that increased accounting volume for the month. "We have our 1st month end, for September at, 9,685,000," Porter said.
Porter reviewed revenue and expenditure patterns for the new fiscal year, noting expenditures were roughly in line with typical monthly patterns and that tax and state aid receipts in coming months (Oct. 31, April 30) will materially affect revenue lines. On enrollment, Porter said September came in slightly below budget: "September enrollment was a little below budget...That number was, 5,315 FTE versus a budget of 5,330 FTE," and the district's 10-month average then stood at 5,335 FTE after October counts were included. The board accepted the monthly report and had no further questions.
