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BOARD UPDATE: Monthly Budget Report

OCTOBER 23, 2018 - Director of Finance & Operations Jeff Priess provided a monthly budget update on General fund operations for the first quarter of fiscal year 2019. 

Year-to-date figures in both revenue ($15,661,380) and expenditures ($14,542,304) indicate that budget amounts will correctly reflect actuals by the end of the year (June 30, 2019.) 

FY 19 Adopted Budget
Revenue: $99,261,781
Expenditures:$97,409,213

For FY 19 (ending June 30, 2019), Priess projects the district will have $4.5M in overall reserves and $2.7M in unassigned reserves.

The board also received updated figures from the preliminary audit. It currently projects an operating surplus of $1.6 million for operations ending June 30, 2018, which projects an ending total fund balance of $2,728,372.