EFund Balance
Item Details
- Meeting
- April 5, 2021 – Board of Education Finance Committee Meeting
- Category
- 1. Board Finance Committee
- Type
- Information item
Public Content
After designating the use of $5,791,384 of fund balance for FY21, the amount of unassigned fund balance available at the end of the FY20 was $1,677,222. Due to savings in substitute salaries/benefits and travel, the use of fund balance for FY21 is anticipated to be approximately $4,791,384. The $1,000,000 difference will increase the FY21 year ending unassigned fund balance to approximately $2,677,222. Budgeted use of fund balance for FY22 is $2,677,222 which will bring the unassigned fund balance to zero.