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Finance staff report: district revenue at 71%, expenditures near 47% overall
Summary
Connie presented a fund report noting LGIP accounts earning just under 4%, federal grant accounts drawn down on reimbursement, revenues at about 71% of budget, and expenditures around 47% overall with one over-budget line for district admin business office supplies.
Connie presented the district fund report and clarified which accounts are in the Local Government Investment Pool (earning just under 4%) versus cash in bank accounts and federal grant funds that are reimbursed via drawdown. "All of the accounts that you see in green are in what we call our LGIP accounts, Local Government Investment Pool," she said, and explained federal grants are not cash-on-hand but reimbursable.
Connie reported revenue year-to-date at about 71% and overall expenditures at roughly 47%, with certified staff expenditures at 48%, administrative at 58% and non-certified at 56%. She noted one over-budget line item in district admin business office supplies due to increased printing and superintendent searches, and offered to provide more detailed line-item examples on request.
