Finance director reports multi‑fund surplus for August; board approves financials

The district's finance presenter (Scott) reported August financials showing significant temporary surpluses in several funds. "For August, the, we had a surplus in the general slash emergency fund, a little over $1,000,000," Scott said, adding that year‑to‑date the general and emergency fund had a surplus of about $1,600,000. He also said August all‑funds surplus was roughly $1,100,000 with an all‑funds year‑to‑date surplus around $1,700,000.

Scott identified several one‑time or timing‑sensitive revenue items: a 2023 real estate settlement of $1,250,000, a final Medicaid reimbursement from FY22 of $50,000, manufactured home settlement proceeds of roughly $18,000, and nearly $27,000 in casino revenue. On the expense side he noted IT server installation and a PA upgrade at the Pellegrino Music Center (about $20,000) as larger outlays, some of which were funded by grants. After questions the board approved the August financials on a roll‑call vote.

Scott cautioned that year‑to‑date fund balances compare differently to last year because some state rollback/settlement timing shifted into September this year, reducing the apparent August balance versus the prior year.