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Finance report: local revenues down; district expects transaction Friday
Summary
At the March 11 meeting the board heard that local revenues are down and the minutes note 'still have 2.8 left to collect' and that a transaction is expected Friday; the minutes do not specify units or amounts.
Howard presented the finance report during the meeting and told the board that local revenues are down. The minutes record: "Local revenues are down. Still have 2.8 left to collect. There is a transaction coming Friday." The minutes do not specify what the "2.8" figure refers to (percent, thousands, or other unit).
No further budget line items, projected shortfalls, or specific revenue sources were given in the meeting record. The board did not take formal budget action at this meeting; the finance report was presented for information and monitoring.
The district's finance staff is expected to continue reporting as revenue collections and transactions are reconciled.
