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Finance report projects $1.32M year-end balance; open purchase orders could improve results
Summary
District finance presenter said a worst-case year-end balance of $1,315,833 is projected through May but open purchase orders and unrecorded deposits may increase the final figure; presenter remains confident the district will meet the $1.7M budget target.
The district's finance presenter reported on year-to-date figures and said optimistic adjustments remain possible.
"As you can see from the reports, right now, I am saying that we're going to end the year at, 1,315,833," the finance presenter (S4) said, noting the numbers were complete through May but some deposits and June activity still need to be added. The presenter said open purchase orders remain that will bring additional revenue into the bottom line and repeated that the $1.7 million figure included in the budget remains achievable.
The finance remarks were given before the superintendent presented enrollment and personnel changes that are expected to affect next year's revenue. The transcript did not include a detailed line-item breakdown in the excerpt provided; the presenter said some May entries and June data still needed to be incorporated into final statements.
