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Treasurer reports $186,551.13 month-end balance; playground and boiler invoices paid
Summary
The treasurer reported July ending balances after a $250,000 short-term borrow, a $14,764.22 final payment to Stout Construction for the playground, and a $54,650 payment to Total Mechanical for boiler/AC work; capital reserve shown around $316,000.
The treasurer presented month-end figures showing a July ending balance of $186,551.13 after receipts of $276,755.77 (which included a $250,000 short-term borrow), accounts-payable disbursements of $331,010.79 and payroll of $146,329.18.
Restricted funds accounted for in the report included a scholarship balance (about $19,785.96), activity funds of $128,256.24, bingo funds of $2,739.93, and a debt-service account of $29,475. The board confirmed a final payment to Stout Construction of $14,764.22 and discussed whether the payment was the retained amount; staff confirmed it was a retainage payment. The playground fund was described in discussion as having roughly $62,050.46 remaining.
Capital reserve activity included payment to Total Mechanical for $54,650 (described as related to boiler/AC repair), leaving capital fund balances discussed in the meeting as approximately $316,000'$316,427. Board members asked staff to compile a clean attachment for August that separates moved accounts and clarifies which funds remain for pending capital work.
The facilities director (Dan) also briefed the board on further building needs (see related facilities article) and the board asked staff to identify whether remaining capital funds could cover additional plumbing/heat-exchanger work before a final decision.
Provenance: topic begins with treasurer report and payment confirmations in the July financial review and follows through the capital-reserve discussion.
