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Treasurer reports roughly $117,552 cash on hand, year-end projection improves
Summary
The district treasurer told the finance committee the June 30 report shows $117,552 in cash on hand and an improved year-end projection that may narrow after closing entries; the committee voted to carry the treasurer's report to the action meeting.
The finance committee heard the treasurer's report for the fiscal year ending June 30. "We ended the year with $117,552 in cash on hand," the treasurer said, and presented account breakdowns across certificates of deposit, escrow, non‑interest and interest-bearing accounts.
The treasurer told the committee the current system shows an apparent surplus of about $3,000,000 against an originally projected $9,000,000 deficit, but cautioned closing entries and accruals for payments made in July still need to be posted and could reduce that surplus. The committee moved and seconded the item and voted to carry the treasurer's report to the action meeting.
