Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Board hears finance update: apportionment receipts, reserves and delayed revenues
Summary
District staff said the district received roughly $5.2 million in recent apportionment funds, reported general-fund cash and investments in the multi-millions and said reserves exceed the 5% policy target; staff noted some grant and other revenues were delayed but expected in March.
Diana briefed the board on the February financials and cash position. "We received 5,200,000," Diana said, and reported net cash and investments in the general fund held at the county treasurer in the multi‑millions (discussed as about $8.774 million in the meeting transcript). She explained the district’s adopted budget for the year is about $71 million and said insurance premiums were paid in full earlier in the year (roughly $800,000), which changes month-to-month comparatives.
Diana told the board that some revenues — notably certain grants — were not received on the expected timetable but staff are investigating and expect to see a difference in March. She confirmed undesignated, unreserved funds are above the board policy minimum (reported at about 7%) and pointed to a growing surplus in the debt-service fund, in part due to unexpectedly strong timber receipts.
