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Preston Joint School District reviews December 2024 financials, shows General Fund budget gap
Summary
Board packet for the Jan. 15 meeting shows December 2024 General Fund figures with budgeted revenue of $19,568,307 and budgeted expenditures of $20,588,829, producing a reported budgetary gap in ledger lines; fund balance and liabilities are detailed in the balance sheet.
The Preston Joint School District Board of Education received December 2024 financial reports showing $19,568,307 in budgeted General Fund revenue against $20,588,829 in budgeted General Fund expenditures.
District ledger lines in the packet list year-to-date General Fund expenditures of $11,492,630.02 and show a budgeted fund-balance entry of ($1,020,522.00) alongside an ending Fund Balance subtotal of $6,560,445.48 for the General Fund. The reports are identified in the packet under the Revenue/Expenditure Summary and Balance Sheet sections.
The figures were presented as part of the consent agenda for the board's regular meeting; there is no vote or motion recorded in the transcript excerpt provided. The packet indicates that the financial detail was prepared by the district user ID 'MCKENSHEL.'
The board packet also lists numerous line items under current liabilities and deferred inflows to explain the balance-sheet totals. Board members placed the financial report on the agenda for routine approval under the consent agenda, along with minutes and personnel reports.
