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Preliminary year-end report: district projects roughly $4.54 million ending fund balance (unaudited)
Summary
The finance director presented a preliminary year-end snapshot (unaudited) showing projected general fund revenues of about $18.7 million, expenditures under budget, and an estimated ending fund balance of $4,540,219 pending audit reconciliation.
The district's finance director summarized the preliminary, unaudited year-end figures through June 30 and noted the figures will change as auditors complete reconciliation. "We are looking at an estimated any fund balance of $4,540,219," the finance presenter said while emphasizing the report is preliminary and subject to audit adjustments.
Staff explained revenues were projected at about $18.7 million (roughly $375,000 below earlier expectations) and expenditures ran under budget due to underspending on payroll and contracted services. The director said the audit process will proceed over the summer and fall, with final audited statements expected by December 31.
