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Board hears October financial report; nutrition program spend-down approved by ODE
Summary
Officials reviewed October receipts (property taxes $667; basic school support $387,798) and discussed a required nutrition-program spend-down plan that was submitted to and approved by the Oregon Department of Education.
A staff member reported the district received $667 in property tax collections for October and a basic school support payment of $387,798, and noted interest earnings of $19,680. The staff member said the district had to submit a nutrition program excess operating balance plan because "the district is not allowed to carry more than 3 months of operating revenue or operating expense," and that ODE approved the planned expenditures.
The board asked clarifying questions about individual line items and a small legal charge; the superintendent and staff explained the charge and described recent facility repairs tied to heating-system valves. The vote to approve the consent agenda, which included the financial report, was taken by voice and carried.
