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Business manager reports $400,000 bond payment and steady spending pace
Summary
The district's business manager told trustees the largest monthly expenditure was about $400,000 in bond interest payments and that year-to-date spending is roughly 32.5% of budget, consistent with last year; the manager said a recent federal rural-school funding change will not affect the district.
At the board meeting, the district's business manager reported that the largest monthly expenditure was bond interest payments of about $400,000 and that the district has spent approximately 32.5% of its budget year-to-date, "which is exactly where we were at last year."
The manager explained that a federal program distributing roughly $50 million to rural schools nationally would not change the district's funding because of how federal forest-fee allocations are distributed; the district receives no such federal forest fees. No formal action was taken on the financial report; it was delivered as information to the board.
