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Committee approves capital funding review after brief CFO update
Summary
The oversight panel approved the capital funding review covering expenditures through March 3 and heard that the unreserved ending pay-as-you-go fund balance stands at about $7.5 million; the district CFO noted some reimbursements are still pending.
Chairman John Carr called the meeting to order and the committee reviewed the Elko County School District capital funding report covering expenditures through March 3.
The district's CFO (introduced at the meeting but not named in the transcript) told the committee that expenditures on the report run through March 3 and that some reimbursements are still in progress. "There might be some reimbursements that are still in progress," the CFO said, and noted an AP clerk had dropped off an invoice that may affect the final accounting.
Carr read the basic numbers into the public record and said the unreserved ending fund balance for the pay-as-you-go account is about $7,500,000. After comments and clarifying questions about the report, Jennifer Robertson moved to approve the capital funding review; the motion received a second and was approved by voice vote.
The committee did not make an additional formal motion on follow-up at that time but asked staff to continue working on outstanding reimbursements and to provide any updated figures at future meetings.
