Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
District reports $450,000+ in depreciation spending; administration proposes increasing annual transfer to $550,000
Summary
Finance staff summarized depreciation expenditures (student and staff device refreshes, carts, vehicles) totaling just over $450,000 to date, and proposed increasing the annual transfer from the general fund to depreciation from $500,000 to $550,000 to maintain a roughly $3 million balance.
A finance presenter reviewed major depreciation-fund expenditures to date, including laptop refreshes for staff and students, cart purchases tied to a 1:1 initiative (about $100,000), a larger dump truck for snow removal, and a larger bus purchase partially offset by a $33,000 NDE grant.
"Just over $450,000 for our depreciation fund expenditures up to this point," the presenter said, and proposed increasing the transfer in the current fiscal year from $500,000 to $550,000 to keep the fund near $3,000,000. The presenter said the board does not need to act immediately; the transfer would be considered before fiscal-year end and is partially contingent on the general-fund balance and overall expenditures.
Board members asked about forecasting assumptions and the lifecycle for vehicles and lighting. Staff said they will provide a technology presentation in November (Jason Fink expected to attend) to review device options and longer-term forecasts before larger purchasing decisions are made.
Members discussed balancing the depreciation transfer with the risk of exceeding budgeted expenditures (which would trigger additional hearings) and agreed to consider the increase at the next scheduled meeting.
