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Jacksonville SD 117 reports $48.76M in operating funds; sales tax receipts top early expectations
Summary
CFO reported the district holds $48.76 million across operating funds, sales tax receipts of $131,787.69 since July, and a property‑tax shortfall tied to a Morgan County error that required a payback; PPRT payment arrived at 67% of expected.
Rick Cunningham, the district CFO, presented the treasurer's report and told the board the operating funds total $48,762,534.14. He told the board the district is "8% of its way through the budget year," providing a high‑level pacing figure for revenues and expenditures.
Superintendent Steve Ptacek told the board the district received fewer property tax dollars because of an error from Morgan County that required a repayment. Ptacek also reported sales tax receipts of $131,787.69 since July — the first three months have produced more than all of last year — and that the district received 67% of its expected PPRT payment. The minutes do not include further detail about the Morgan County error or timing for any corrective entries to district accounting.
Board members accepted the financial reports during standing reports and moved on to other agenda items.
