CFO flags revenue shortfall and fund‑balance drawdown in June financials; board asks for plain‑language health report

District Chief Financial Officer Dan Peterson presented the board with the district’s June financial statements at the Aug. 21 meeting and urged directors to consider a short, plain‑language financial health report and key performance indicators (KPIs) for ongoing oversight. Peterson said expenditures came in under budget by roughly $5.7 million but total revenues were lower than anticipated, producing a drawdown in the district’s ending fund balance.

Peterson explained that June financials are preliminary because the business office uses a 13th period to process late fiscal‑year transactions and the audit will not be complete until later in the year; July and August financials will be more meaningful after payroll encumbrances are recorded in September. He told the board he will re‑present the financials with explanatory narrative and proposed KPIs and requested direction on what metrics the board finds most helpful.

Board members asked for a short written executive summary that explains the key drivers of the drawdown, suggested identifying KPIs for budget health and reserves, and asked staff to prepare more digestible materials for the broader community. No formal budget adjustments were proposed or adopted during the meeting; the board approved an immaterial appropriation transfer resolution earlier in the meeting to move funds between accounting functions (resolution number 252603), which Peterson said does not change the overall budget total but keeps the accounting aligned for audit compliance.

The board directed the CFO to prepare a narrative financial “health” report, identify recommended KPIs and present updated financials after September payroll.