Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Superintendent reports July revenues and reserves; general fund cash at $9.9 million
Summary
Superintendent Diana told the board July revenues were about $7.2 million (with an additional $300,000 received late) and reported roughly $9.9 million in the general fund (about 15% of an estimated $60 million budget), with nearly $700,000 added to reserves.
During the meeting Superintendent Diana presented the district's July cash and financial position. She said the district recorded approximately $7.2 million in July apportionment and received an additional $300,000 that had been shorted the prior month; the district placed nearly $700,000 into reserves as a result.
Diana summarized cash and investments, saying, “For the month of July, we had revenues or 1 of our biggest apportionment at 7,200,000, almost 7,300,000. And we had an additional 300,000 because we were shorted that the the month prior.” She reported the district has about $9.9 million in general fund cash and investments, roughly 15% of the district's $60 million budget. She also noted the district is still tracking an outstanding payment from the University of Washington/DNR.
