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Business manager reports $160,000 ending balance; May SSF payment received
Summary
Business Manager Marie Knight reported an ending fund balance of $160,000 and said the May State School Fund payment arrived (not included in the packet); she stated the district is not required to repay funds and received the full payment plus a small extra.
At the May 14 board meeting Marie Knight, the district business manager, reported an ending fund balance of $160,000 based on current State School Fund (SSF) estimates. She noted the May SSF payment had arrived but was not included in the packet.
"The District is not required to pay anything back so the full payment plus a little extra was received," the minutes record. Knight's report provides the board with the most recent SSF estimate incorporated into the financial statements and informs near-term budget planning.
Board members asked follow-up questions about student body account funds and spending rules; Knight referenced language in the Student Body Handbook that leaves allocation decisions to the student class. No formal budget adjustments or transfers were adopted during the meeting.
