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Board hears financial update: general fund, audit and field lights payment
Summary
District staff reported a general fund receipt of $343,885, a completed audit to be presented next month, a $199,270 payment for field lights pending a partial reimbursement of $87,678 from Senate Bill 1149 funds, and a temporary negative capital fund balance tied to land purchase accounting.
The district's financial presenter told the board the general fund collected $343,885 in recent months and that the audit was completed in December and will be presented at next month's meeting. On capital projects, the presenter explained a $199,270 payment for field lights was initially covered from the general fund and that $87,678 has been approved to be reimbursed from the Senate Bill 1149 fund once final paperwork is processed.
The presenter also pointed to an apparently negative capital project fund balance that staff said is an artefact of unposted ending fund balances related to a recent land purchase and expected to be corrected next month when bookkeeping entries are completed. "The audit was completed in December," the presenter noted when summarizing follow‑up items for the board.
