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Treasurer reports ~$3.07M surplus, general fund near $17.2M
Summary
Treasurer reported a $3,073,748.09 surplus for the fiscal year and an ending general-fund cash balance of about $17.2 million; the board approved the consent agenda and multiple procurement items by vote.
Treasurer reported that the district closed the fiscal year with a surplus listed on the lead sheets as $3,073,748.09 and that the general fund's ending cash is approximately $17,200,000. He described the district's five-year financial forecast, line-item revenues and expenditures, and said the district is in its strongest financial position in recent years.
'2o total revenues reflect our total amount of revenue that we brought, $21,986,488,' the treasurer said when reviewing the lead sheet, and he noted personnel services spending came in at about 94.3% of budget. He also highlighted investment income of roughly $944,000 for the year and reminded the board about a $4 million transfer to the permanent improvement fund that affected a prior-year deficit figure.
The treasurer outlined grant spending and capital funds, and the board approved the listed consent agenda items and purchase orders (including facility projects and vendor contracts) by roll call vote, 5-0.
