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District budget report shows $275,000 remaining; insurance costs reviewed
Summary
Katie, a district staff member, told the board the July budget shows roughly $275,000 in unspent budgeted expenditures after August payroll and accounts‑payable; the board also reviewed a projected insurance bill of about $153,000 for next year.
Katie, a staff member, presented the district's July budget status and year‑end notes to the board. She said "That 275,000 is what's left, in budgeted expenditures that we didn't have to spend," after accounting for August payroll and accounts payable, and flagged year‑end journal entries tied to grants such as the E‑Rate program.
Katie told the board the district paid its insurance bill in August and that the total insurance cost for next year came in near $153,000. She said property insurance had decreased slightly while bus costs rose, leaving the overall premium about $1,000 higher than last year. Katie said August final reports will appear in next month's packet and that she and Will reviewed the figures together.
The board did not take additional budget action at the meeting; members asked staff to include encumbrances for payroll and accounts payable in the August packet so the board can see final balances.
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