Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Finance director presents audit findings and upcoming debt payments; audit approval set for Oct. 24
Summary
Director Jennifer McKay reviewed audit results and recommended upcoming debt fund payments totaling $1,157, - including an $1,045,375 refunding payment — and a proposed sinking-fund scoreboard purchase; the audit report will be brought to the Oct. 24 meeting for approval.
Jennifer McKay, the district's Director of Business & Finance, briefed the board on the department's items, including this year's audit findings, planned debt fund payments, and capital projects funded from the sinking fund. The minutes list debt obligations due Nov. 1, 2024: payments of $89,011.00 (2019), $1,045,375.00 (2016A refunding debt) and $22,600.00 (2016 qualified energy conservation bond). McKay said the audit report and the payments will be on the Oct. 24 regular meeting agenda for board approval.
McKay also proposed replacing the baseball scoreboard using sinking-fund dollars; the estimated project cost is $12,190.00. A change order for the PA system and pricing information were also presented, with formal approval requests scheduled for Oct. 24.
