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Business manager: Fund balance below Policy No. 6022 target; audit exit recommendations presented
Summary
Business Manager Anna Sandness told the board the district’s anticipated closing fund balance ($62,981) would fall below the Policy No. 6022 minimum target ($77,341); she also presented new county warrant/ACH policy material and exit recommendations from the 2022–23 audit.
Business Manager Anna Sandness informed the board that "our fund balance is currently below the minimum fund balance per Policy No 6022," and that the policy minimum would result in a year-end balance of $77,341 while the anticipated closing fund balance is $62,981. Sandness said the district expects to be close to the policy requirement by year-end but that the current projection is below the Policy No. 6022 threshold.
Sandness also presented a new warrant/ACH issue and redemption policy received from Walla Walla County and summarized exit recommendations from the district’s 2022–23 annual audit for the board’s consideration. The board did not vote on budget adjustments at the meeting; members heard the financial update and audit recommendations for future action.
During discussion, Sandness noted donations and enrollment inquiries that could affect revenues and in-kind support, and she advised the board to monitor the fund balance as the year progresses. The board scheduled no immediate budget vote; staff were directed to continue monitoring forecasts and to bring recommended actions if needed.
