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Quillayute Valley superintendent reports July revenue surplus and $10M in reserves
Summary
Superintendent Diana told the board the district recorded roughly $6,000,000 in July revenue against $5,600,000 in expenditures (about $458,000 net), and reported about $10 million in cash and investments with $7.1 million unreserved/designated funds.
Superintendent Diana delivered the district's July financial status and noted a modest surplus in the month. "So we had 6,000,000 revenues, and expenditures were 5,600,000, so, about 458,000," she said, and reported roughly $10,000,000 in net cash and investments in the general fund, tracking about 20% of the current year's budget.
Diana explained the district monitors its debt-service fund closely and that timber-dollar sales timing affects receipts; she said the district budgets a junior taxing district timber-dollar allocation at $120,000 but had realized about $106,000 as of July. The board asked routine liquidity and investment questions and noted reserves are meeting the district's minimum fund target.
