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Lostant CUSD 425 board approves $229,802.58 in October disbursements and accepts financial report
Summary
The board approved the consent agenda, including $229,802.58 in disbursements, and accepted the district financial report showing 67.75% of anticipated revenues and 28.75% of expenditures year-to-date.
At the Oct. 30, 2024 regular meeting, the Lostant CUSD 425 board approved the consent agenda that included $229,802.58 in October disbursements and authorized the September payroll. The motion to approve the consent agenda was made by Chambers, seconded by Wiesbrock, and carried on a roll-call vote with Chambers, Ruff, Cooper, Mertel, Kozak and Wiesbrock recorded as voting "Yea."
Administration reported the district is approximately 25% through the fiscal year with year-to-date revenues at 67.75% and expenditures at 28.75%. Fund-level percentages reported: Education fund revenue 66.84%/expenditure 34.55%; Operation & Maintenance 78.19%/17.29%; Debt 78.16%/0.00%; Transportation 36.57%/13.03%; Social Security & IMRF 72.52%/22.15%; Tort 77.93%/25.96%; Fire/Life Safety 77.50%/0.00. The board also approved the financial report by motion (Cooper/Chambers) on a unanimous roll call.
The minutes do not show any amendments or budget transfers for the month; fund transfers were reported as "Nothing This Month." The approvals keep routine district operations and payroll on schedule for the current fiscal year.
