Homer 33C reports $4.66M November decrease in fund balance; operating expenditures fall vs. prior year

Assistant Superintendent for Business Al Kirkus told the board the district spent $6.16 million in November and received $1.50 million in revenues, "resulting in a decrease to our fund balance of $4.66M (4,655,075)." He said the district began November with $59.18 million and ended the month with $54.53 million. Kirkus attributed much of the year‑over‑year change to timing on a 2018 debt certificate payment and to offsets between higher salaries and lower purchased‑services and supplies spending.