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Board reviews district finances: all-funds balance near $9.0 million, April shortfall in expenses vs. receipts
Summary
In the treasurer's report the board heard April totals: all funds balance reported as $8,964,001.68; April receipts $813,005.32 against expenses $1,454,508.46; district staff noted timing variance tied to real estate distributions.
The board received the treasurer's report showing an all-funds balance of $8,964,001.68 as of April 30 and detailed fund balances including an education fund balance of $5,689,001.49 and a transportation fund balance of $1,014,008.39. Treasurer (speaker 7) reported April receipts of $813,005.32 and expenses of $1,454,508.46, noting that timing of real-estate distributions affects interim totals.
"April receipts totaled $813,005.32," the treasurer said, listing account balances and interest earned. The superintendent and other board members discussed how missing real-estate distributions will change the picture in July when those funds are posted; the superintendent said the district typically sees a large uptick when those receipts arrive. The board moved to approve the treasurer's report as presented by roll-call vote.
