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London ISD projects $567,000 surplus; audit expected in September/October
Summary
Finance presenter Leslie Marin told the board the district is projecting a $567,000 surplus to add to fund balance and that an audit will be completed in September/October; no detailed budget breakdown was provided in the meeting record.
Leslie Marin presented the district's financial information and told trustees the district is projecting a $567,000 surplus to add to fund balance. "Mrs. Marin stated that she is projecting a $567,000 surplus to add to fund balance," the meeting record says.
Marin also said the district audit is expected to be completed in September/October. The transcript contains the headline figures but does not include a line-item budget or an explanation of assumptions behind the projection; staff follow-up will be needed to verify the projection and to understand the drivers of the surplus.
The projected surplus, if realized, would be available to support reserves or near-term priorities, but the transcript does not record any board direction on how the funds would be used.
