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Business director reports $455,728.76 in checks for August, LGIP dividends $29,207.61
Summary
The district’s business/finance director told the board the general fund ending balance is estimated at $1.2M pending payroll; checks issued for the period totalled $455,728.76 and LGIP dividends were $29,207.61.
The district’s business/finance director summarized the period ending Aug. 31 and described cash and investment activity. The director said the estimated general fund ending balance is approximately $1.2 million pending the first payroll, and that the district issued checks totaling $455,728.76 for the period. The LGIP investment dividends earned were $29,207.61 at a distribution yield rate of 4.60%.
The director noted state revenue projections are down slightly and staff will monitor spending carefully. Board members raised a balance‑sheet formatting question; the director said he would investigate a potential data entry or reporting mismatch and circulate a revised report if needed.
The chair moved and the board accepted the financial report and list of bills for August 2025 as consent; the motion passed on a voice vote.
