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Board reviews budget report; two elementary bonds due to be paid off in 2029
Summary
At roughly the 25% point of the fiscal year, district finance staff reported $10.8M in expenditures, $12.2M in revenues and a $154,000 debt interest payment; board accepted the budget report and discussed bond payment timing and audit progress.
Board finance staff presented the district's fiscal snapshot during the Oct. 8 meeting and the board voted to accept the report.
"So so far we're 25% of our fiscal year has gone by. We spent 10,800,000. We've seen 12,200,000 revenues in our public treasury investment fund," the district finance presenter reported, adding that the district had made a debt-interest payment of $154,000 and that two elementary school bonds are scheduled to be paid off in 2029. The auditor's field work was completed in mid-September and administration said the audit report is being finalized.
The board approved the Sept. 10 minutes and accepted warrants 34237 through 34365 earlier in the meeting. Trustees asked follow-up questions about bond payment timing and how year-to-date enrollment trends could affect funding; staff noted enrollment declines at several elementary schools and said the district will continue tracking average-daily-membership figures.
