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District reports June budget: general fund revenues lag expenditures; fund balances remain positive
Summary
The executive director of financial services reported June figures: the general fund had received about 77.5% of revenues and spent about 80.3% of budgeted expenditures, leaving a fund balance just over $7.4 million; debt service and capital projects fund balances were reported as well.
Stephanie, the executive director of financial services, presented the district’s budget status for June. She said the fiscal year is roughly 83% complete and that through June the district has received about 77.5% of its apportionment revenues, with expenditures at approximately 80.3% of budget, producing a general-fund balance just over $7,400,000.
Stephanie also summarized other funds: the debt-service fund ended June with a balance near $1,500,000 and the capital‑projects fund had an ending balance around $6,500,000 as capital expenses and bills were processed. She explained timing differences in state apportionment payments and a short payment on local effort assistance would be caught up in July and August.
The board discussed fiscal-year closeout timing and acknowledged the district is preparing for the next fiscal year while wrapping up transactions through August.
