Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Finance topic
No spam. Unsubscribe anytime.
Penns Valley board records reserve restructuring, treasurer’s reports and approves bills
Summary
Business Manager presented February 2026 financials and proposed designations of 2024–25 reserves; the board approved the Treasurer’s reports and payment of March bills as part of the consent agenda.
At the March 17 meeting the board reviewed financial statements and approved motions recorded in the minutes related to reserve designations and monthly payments.
Business Manager Lynn Naugle presented proposed restructuring of the 2024–25 general fund reserves: total unassigned fund balance $2,729,582; total assigned for healthcare $1,000,000; total committed fund balance for capital projects $20,491,000. The Treasurer’s reports for February 2026 showed the General Fund beginning balance $18,706,173.59, revenues $7,789,731.62, expenditures $1,997,871.49, and ending balance $24,498,033.72. Payroll fund and other fund figures were recorded as well. March bills were presented (General Fund checks $361,863.31; payroll $620,740.18; DD and ACH/Wire totals listed in minutes).
These financial items were included in the consent agenda and were approved by roll call vote 9–0. The minutes reference attachments (801–802) for detailed backup documentation.
