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Lostant board reviews finances: revenues at 87.09%, expenditures 40.92% through year
Summary
The board heard a financial report showing the district is 33% through the school year, with revenues at 87.09% and expenditures at 40.92%; the board approved the financial report and consent agenda, including $37,002.11 in November disbursements.
Superintendent/recording secretary Bob Ketcham presented the district's financial report at the Nov. 19 meeting, noting the district is 33% through the school year. Total revenues were reported at 87.09% with expenditures at 40.92% of budget. The board approved the financial report by motion (mover: Mertel; seconder: Wiesbrock).
The consent agenda, approved earlier in the meeting, included approval of $37,002.11 for November disbursements and November payroll. Fund-by-fund percentages were provided in the minutes (Education fund revenue 85.42% / expenditure 39.29%; Debt fund revenue 98.93% / expenditure 93.66%; Transportation fund revenue 57.99% / expenditure 23.57%; others listed).
