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Ken-Caryl board hears midyear financials; assets up $285,000
Summary
District staff reported assets rose $285,000 year-over-year and year-to-date revenues are largely on track; staff flagged one-off expense variances and an interest-bearing account with roughly $1,000,001.93 as of 06/30.
Katrina, the district finance presenter, told the board the district’s assets "are up 285,000 over last year at this time," attributing the increase mainly to cash equivalents and stronger recreation- and tax-related revenues.
She walked directors through a comparative balance sheet and GL-level variances. Katrina highlighted program revenue gains — preschool enrollment rose about 45% year-over-year despite fee increases — and said some expenditure drops reflect last year’s one-time costs, such as management agreement fees and prior equipment purchases. She reported the PMD interest account had an "ending fund balance as of 06/30 of $1,000,001.93."
