Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
District financial report: $16.5M in investments and $49.5M ending fund balance reported
Summary
The district reported December financials showing investments and related receivables of $16.5 million, an unrealized gain of $718,000, year-to-date money market income of $445,000 and a general fund ending balance of $49.5 million (about a 5.6-month reserve). The board previewed a budget amendment to incorporate carryover federal dollars and contracted construction costs.
Mr. Godwin presented the district’s December financial statements and highlighted key operating metrics: investments and related receivables totaled $16,500,000 and the balance sheet included an unrealized gain of $718,000. He reported year-to-date money market income of $445,000 and said general fund revenues were at roughly 27.3% of budget through the third month of the fiscal year.
Godwin told trustees the district’s December ending general fund balance was $49,500,000 — about a 5.6-month reserve — and noted accounts payable (~$4,000,000) and payroll/benefits for the month (~$7,100,000). He previewed a proposed budget amendment to adjust beginning fund balances, add realized grant revenue carryovers and reflect new construction contracts in the capital projects budget.
