Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
District reports September cash balances and budget context; general fund near 15%
Summary
Administrators told the board they received 9% of apportionment (~$5.8M) for the month, noted a $71M current-year budget and said the general fund net cash equaled about 15% of the budget, consistent with reserve targets.
The board received the district finance report for the period ending in September. A presenter said the district had received about 9% of its apportionment (cited as roughly $5,800,000) and that the general fund net cash in the county treasurer represented approximately 15% of the current-year budget.
The same presenter explained that some month-to-month fluctuations reflect the timing of grant claim submissions and differences in budget totals (the speaker noted the current-year budget figure of about $71,000,000, larger than the prior year). The district reported meeting its 5% minimum reserve target, which the presenter listed at $3,500,000.
Board members asked no substantive follow-up during the item; the report was informational and the board moved on to other agenda items.
