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September payroll month shows stable finances, business director reports
Summary
The district's director of operations reported that September—the first full payroll month—showed revenue and expenditures on target, with no major irregularities; a projected shortfall of about $200,000 will be monitored into spring.
Daymond Monteith, Director of Operations, presented the monthly financial report for transactions through the end of September and said the district's financial position is stable and tracking as expected.
Monteith explained September is the first full payroll month of the fiscal year and a key checkpoint where major budget issues would typically appear. He reported no irregularities and said revenues and expenditures are aligned with projections. He noted a budgeted shortfall of approximately $200,000 that is not an immediate concern but would require additional review if it persists into May.
Board members commended the clarity of the report and the business office's monitoring processes. Monteith said the office will continue to track trends and report back if material issues develop.
