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District reports roughly $334,000 projected surplus after adjustments, addresses capital needs
Summary
Board heard financial report showing $942,345 revenue over expenses before adjusting for a prior-year deficit; after accounting and planned purchases the projected surplus was about $334,000, and the district cited recent capital purchases and planned generator and camera reimbursements.
Anita (S8) presented the district's financial statement and outlined revenue, receivables and recent expenditures. She said the district showed $942,345 in revenue over expenses through the end of May; after subtracting a prior-year deficit of about $415,000 and accounting for approximately $193,000 in planned expenditures (some reimbursable), Anita said the district expected a remaining surplus of roughly $334,000, which would be within the 8% special‑act fund-balance allowance.
Anita listed recent capital uses the board approved or has underway: replacement of an aging school vehicle, weight-room equipment purchased from Advantage Fitness, updated teacher laptops and classroom desktops, $34,000 in camera upgrades (noted as reimbursable through Schedule N), roof leak repairs by Phoenix, and a planned generator purchase after July 1 to allow reimbursement. She also flagged accounts receivable movement (from $1.3 million to about $538,000 outstanding) and an early payment on a TST health coop insurance invoice that temporarily depressed accounts payable figures.
A board member moved to accept the financials as presented by Anita; the motion was seconded and approved by voice vote.
