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District reports 95.5% ADA and estimates a multi‑million increase in fund balance
Summary
Finance staff presented June 30 financial statements showing 95.5% average daily attendance (ADA) for the year, outstanding encumbrances, and staff estimates that fund balance increased roughly $6 million (with final close adjustments still pending); the board approved the financial reports 7–0.
Miss Wilson presented the district’s June 30 financial statements and highlighted several items: year-end average daily attendance was 95.5%, state-revenue-driven totals came in higher than budgeted, encumbrances of about $40.434 million remain outstanding, and some known costs (audits, payroll accruals, payables) still need final posting.
She said the district’s preliminary estimate is an increase in fund balance in the neighborhood of $6,000,000, driven in part by restatements of prior-year property values and a significant claim payment of more than $2,000,000 that was recorded this fiscal year. Staff noted that some adjustments could still change the final bottom line and that certain items (maintenance payroll accrual and one outstanding audit) remain to be finalized.
A trustee who had pulled the consent item recommended approval of the financial reports as presented; the board approved the reports by a 7–0 vote.
