Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Treasurer reports payroll and balanced revenues amid reclassifications
Summary
Nicole, the district treasurer, reported May payroll and reviewed fund balances, noting revenue reclassifications into Funds 38, 39 and 80 and assuring the board that revenues are ahead of expenses year-to-date.
Nicole, the treasurer (speaker 3), presented the district's bank activity, account balances and payroll details and said that overall revenues are ahead of expenses year to date as of May.
"Payroll for May was 455,607 and 61¢," the treasurer said during the report, and she explained that a dip in reported Fund 10 revenue reflected reclassifications to Funds 38, 39 and 80 as part of internal accounting rather than an operational shortfall. She also noted Fund 27 transfers had not posted since May and that all account balances were expected to reconcile in June.
The treasurer described accounts payable review practices, weekly invoice checks with administration, and higher-than-normal payroll accruals driven by June postings and corrections to withholdings; she invited questions and confirmed supporting documents were available to the board.
The board moved and approved the treasurer's report by voice vote; no follow-up action or adjustment to staffing or programs was recorded in the meeting minutes.
