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Board hears FY23‑24 financial close and fund‑balance overview
Summary
District administrators presented the fiscal year 23‑24 close, reporting general fund figures, restricted carryovers and uncertainty in timber excise tax receipts; staff said a detailed packet will be filed with OSPI and a more transparent levy dollar presentation is planned.
District administrators reviewed the fiscal year 2023‑24 close, carryover funds and sub‑fund balances and told the board a final packet would be submitted to the Office of Superintendent of Public Instruction (OSPI).
Speaker Diana described the packet as “a 100 some pages” that will be posted to OSPI once finalized and summarized sub‑funds: ASB roughly $109,000, debt service about $1.6 million, capital projects $604,000 and transportation vehicle fund $474,000. On the general fund she said liabilities were “11, million 7” and the total fund balance was “just shy a little bit of 11,000,000.” Jan (finance staff) and other staff explained some transfers were carryover from a stage‑lighting project and a fencing project and that unspent levy and restricted funds account for several of the carryovers.
Administrators also noted uncertainty in timber excise tax receipts, linking lower receipts this year to changes in logging activity and DNR sales timing; they said they will attend a DNR quarterly meeting to monitor junior taxing district receipts. Diana said the district will develop a clearer public tool that shows how levy dollars and LEA match are spent so the public can see line items and personnel funded out of local dollars.
