Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
District says revenues, expenditures tracking as expected; capital work begins
Summary
Acting superintendent Beth reported June is a lower apportionment month, fund balance is slightly higher year-over-year, and summer capital projects (safety, security, technology) have kicked off; a small number of bus purchases remain pending payment.
Acting Superintendent Beth briefed the board on the district's budget status for the month of June, explaining that June and July are lower apportionment months under the state's schedule and that revenues and expenditures are tracking in line with expectations.
"As we look at June, June is one of our lower revenue, apportionment months," Beth said, explaining how the state's apportionment schedule drives month-to-month fund-balance variation. She told the board that fund balance for June was slightly higher than at the same point last year and that capital-project work—safety, security and technology projects—began in earnest over the summer.
Beth also reported that recent authorizations included purchases of a small number of buses and that payments related to those vehicles remain pending. The board had an opportunity to ask questions; none resulted in substantive changes to the report, and the district will continue to update the board as year-end accounting progresses.
