Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Finance update: district made final bond payment; bleacher inspection was an expense outlier
Summary
Finance report showed a general fund surplus, a small overall deficit for all funds, the district made its final bond payment in November (reducing future millage), and an athletic/bleacher inspection cost about $12,000.
The district's finance update reported a November close with approximately $1.3 million across all funds and a general fund year‑to‑date surplus near $600,000; the district also noted a small overall deficit (about $800,000) due in part to a final bond payment made in November.
"We made our final bond payment in November," the finance presenter said, and the board discussed the practical effect: the payment will reduce tax mills the community pays going forward. The report also identified a roughly $12,000 outlay for district‑wide bleacher and athletic inspections and a $36,000 state auxiliary revenue receipt.
Board members approved the November financials by roll call. Administrators said they are working with county and state auditors to transfer a remaining balance into the capital improvement fund once procedural steps are complete.
