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Fiscal director projects $1.32 million ending fund balance amid pending revenues
Summary
Fiscal Director Denese Hale reported a projected ending fund balance of $1,315,833 based on May financials, noting May revenue was not finalized, June activity was outstanding, and open purchase orders could improve the balance.
Fiscal Director Denese Hale reviewed the district’s Appropriations by Fund and Function, the Monthly Summary Report, and the Object Summary Report and reported a projected ending fund balance of $1,315,833 based on May financials.
Hale cautioned that May revenue had not been finalized and that June activity and open purchase orders could change the final figure, but she expressed confidence the district would achieve its budgeted ending fund balance. The board acknowledged the correspondence included in the packet and the financial reports.
