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Board hears finance report: 81% of budget remaining; audits underway

West Bath School Board · October 17, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Board finance updates said the district has about 81% of the fiscal year budget remaining at this early point; the 2022–23 audit is in progress and the 2023–24 audit will follow; the district has not yet made September and October tuition payments.

At the Oct. 16 meeting district finance notes indicated the board has roughly "81% of our budget remaining," which the speaker called "a great sign." The board reviewed payroll and accounts-payable warrant signings from August and September; speaker 3 said the 2022–23 audit is underway and the 2023–24 audit work will follow.

Speaker 3 also told members that the district had not yet completed tuition payments for September and October and that once those payments clear, the budget picture will be clearer. The board discussed monitoring individual line items and tracking tuition outlays during the forthcoming budget season.