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Treasurer reports $832,000 favorable variance; state recouping roughly $30,000
Summary
The district's January CFO report showed a $832,000 favorable revenue variance (largely a one‑time refund) and noted the state will recoup about $30,000 tied to a Science of Reading stipend; salaries and benefits make up roughly 86% of expenditures.
Treasurer Craig presented the district's January financial report and said revenue is $832,000 over the forecast, largely driven by a refund from the county auditor's office (about $600,000). He said the state will be recouping about $30,000 related to a stipend for Science of Reading training that the district paid and the state later reversed.
Craig outlined expenditure trends — salaries and benefits rose about $150,000 in December and comprise roughly 86% of the budget — and noted that January is the district's low cash flow point until further tax advance installments in February and March. He said the administration will update forecasts at the end of February and again in May.
