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Treasurer reports year-end balances: district holds $12.74 million in all funds
Summary
At the July 9 meeting the district finance presenter reported fiscal-year-end balances totaling $12,741,334.34, June receipts of $6,577,666.62 and June expenses of $1,118,318.51; trustees then approved the charges report.
During the treasurer's report at the July 9 board meeting, the district finance presenter walked trustees through account balances and key receipts for the close of the fiscal year.
"The balance at the SuperNow account in 1st Community Bank and Trust was $7,289,806.55," the presenter said, and later reported a total balance in all funds of $12,741,334.34. June receipts were recorded as $6,577,666.62 and June expenses as $1,118,318.51. The presenter also listed specific fund balances including the transportation fund at $1,314,832.86 and working cash at $398,414.10.
Following the report the board voted to approve the charges report as presented. The finance office indicated investments totaled $5,593,583.30 and noted two large real estate distributions of $4,327,221.07 and $1,554,010.81 that contributed to the year-end position.
