Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Business manager reports $1.8M ending fund balance; $318K encumbered for construction
Summary
Business Manager Tara Garratt reported an ending fund balance of $1.8 million and confirmed $318,000 set aside (encumbered) for construction; she said next month's report will include additional grant narratives.
Business Manager Tara Garratt told the board the district's ending fund balance is $1.8 million and that $318,000 earmarked for construction is encumbered and accounted for. She said next month's financial report will contain more complete grant narratives as she continues to work on them.
Board member Carol Hacherl asked whether the $1.8 million figure included pay for newly hired teachers; Garratt confirmed that it did. Hacherl also asked about the $318,000 construction funds and Garratt said they remain encumbered (reserved) and have not been expended.
