Business manager reports $2.77 million cash on hand; year‑to‑date revenue exceeds expenditures by roughly $500,000

Kelly Glenn, the district business manager, presented the monthly financial reports for June and reminded trustees that June is the final month of the fiscal year and that the figures include accruals that auditors will finalize later.
Glenn reported cash on hand of $2,771,955.53 and an accounts‑payable check run for June of $630,236.73. She said total year‑to‑date revenue for the period July 1 through June 30 was $32,579,319 and total expenditures for the same period were $31,249,200, leaving an estimated revenue greater than expenditures of roughly a half million dollars. Glenn cautioned these are not final audited figures and that audit entries will continue into August with auditor testing and reporting expected in early November.
Glenn also noted that the year‑to‑date figures include July state aid payments and portions of teacher summer accruals that were posted to the prior fiscal year so that teacher pay could be stretched over summer pay dates. Trustees asked clarifying questions and had no immediate follow‑up motions based on the report.
Ending — audit timeline: Glenn told the board auditors will conduct testing and produce final audited financial statements after summer entries are completed; the board typically receives audited figures in early November.