Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Capital Funding topic
No spam. Unsubscribe anytime.
Building Fund shows $2.41 million negative balance in district packet
Summary
Packet materials list Building Fund (Fund 41) end‑of‑period fund balance of ($2,414,148), with a 'Due to other Funds' entry of ($2,420,000). The district describes the Building Fund as used for current construction projects.
The district's Building Fund (Fund 41) page in the packet lists a Fund Balance, End of Period of ($2,414,148) and shows a "Due to other Funds" amount of ($2,420,000). The materials state the Building Fund is used to account for revenues and expenditures related to current construction projects and include a footnote that the quarterly budget column is an annual budget divided by four.
The packet does not include an explanatory narrative in the supplied segments; the negative balance and interfund due amount are presented as line items in the balance-sheet pages. The board packet places these figures within the standard quarterly report and does not, in the provided segments, include a recorded motion or staff memo explaining repayment or financing plans.
