How much money do we have in the bank?

Posted by:

The District’s budget is comprised of several Federal, State and local revenue streams that fluctuate throughout a fiscal year. As revenue deposits and expenditures occur throughout the fiscal year, the amount of funds “in the bank” is best referenced through monthly “real-time snapshots” via bank reconciliations, which are communicated to the Board through a monthly dashboard. Currently, the District is forecasting a $217,000 fund balance as of June 30, 2019.

Author: