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Board hears $800K-plus timber receipts; district eyeing grant match for athletic fields
Summary
District finance presenter Diana reported an August apportionment and a net cash position with timber revenues exceeding $800,000; the board discussed using local dollars to match a capital grant for athletic fields, with engineering planned next year.
Diana, who presented the district's financial report, told the board the month of August brought a healthy apportionment and a positive net position. "The month of August, we had a healthy apportionment of 10%, and it was a little over 6,000,000," she said, and she reported expenditures under $6,000,000 with a net positive near $627,000.
Diana highlighted timber receipts as a material line affecting local capacity: "If we look at the net value of that, it's over 800,000 for this last year." She said that timber dollars appear in both the general fund and the debt-service fund and could be considered local dollars the board can direct toward capital projects.
On the capital side, Diana said the district has roughly $1,000,000 in grant funds for a fields project but will need a local match and a transfer strategy: engineering will be done this year and breaking ground is expected in spring/early summer next year. She noted transfers would likely be handled in the next budget cycle and emphasized that surplus or timber revenue could help avoid a tax increase for local property owners.
Board members asked follow-ups about timing and how timber-sale variability could affect long-term planning. Diana said the district will present more detailed timber and debt-service spreadsheets at the next meeting and is monitoring DNR sale projections and assessed-value anomalies.
