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Treasurer reports $1.84 million operating balance; revenues ahead of budget
Summary
Treasurer Craig Hepner told the board the operating account balance was $1.84 million on March 31, receipts for March were $414,000 (including $282,000 in general state aid), and expenditures for the month totaled $688,000; year‑to‑date revenues are running about 6% ahead of budget.
Treasurer Craig Hepner reported key March financial figures to the board: "The balance in the operating account as of March 31 was $1.84 million which represents a decrease of approximately $294K from the balance at February 28." He said March receipts totaled $414,000, including $282,000 in general state aid and roughly $34,000 in investment income, and that expenditures for the month were $688,000.
Hepner told the board that year‑to‑date revenue is running about 6% ahead of budget primarily due to the timing of real estate tax receipts, and noted the district's CD portfolio yield was 4.051% as of March 31. The board accepted the treasurer's report as part of the consent agenda.
