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Treasurer: district running ahead of budget with nearly $895,000 cash on hand
Summary
Treasurer reported the district budgeted $500,000 profit but has realized about $715,000 and holds about $895,000 in cash; the board accepted the report and approved the Treasurer's Report.
At the start of the meeting the board heard the Treasurer's report showing the district is outperforming budget projections.
The Treasurer reported the district had budgeted a $500,000 profit at this point in the fiscal year but is "currently at 715,000," and that actual cash on hand was higher than planned: "we have $895,000 in the bank." The Treasurer said both the profit-and-loss picture and the cash position were better than budgeted and indicated the district should come close to or exceed budget targets for the year.
Board members asked no substantive questions and moved to approve the Treasurer's report; the motion carried by voice vote.
The figures were presented as board-reported accounting balances and not audited in the meeting record; the board did not attach additional reporting or adjustments during the session.
