Financial report shows $78K ending fund balance for Mingus Union

COTTONWOOD – In a 9:30 a.m. special meeting Monday, the Mingus Union School Board could approve the district’s annual financial report summary for the 2017-2018 school year.

With a Primary Tax Rate of 2.0247 and a Secondary Tax Rate of .8080, the report’s summary shows a $334,112 ending fund balance for Maintenance and Operations, a $46,840 ending fund balance for Classroom Site Funds, a $35,565 ending fund balance for Instructional Improvement and a $338,443 ending fund deficit for Unrestricted Capital Outlay.

The difference adds up to $78,074 – money the district did not spend that it had budgeted for.

Figures are based on an Average Daily Membership increase of 58.631 from the 2016-2017 school year.

The Mingus Union High School District governing board will meet at 9:30 a.m. Monday, Oct. 15 at the school’s library, located at 1801 E. Fir St. in Cottonwood. Call (928) 634-0580 for more information.

The district will post a copy of the official agenda, which includes the district’s annual financial report, no less than 24 hours before the meeting. The district can add, change or remove items from its draft agenda prior to the official agenda’s release, no later than 24 hours prior to the meeting.

For the most up-to-date agenda, visit www.mingusunion.com/Governing_Board.

The district’s regularly-scheduled meetings are typically held the second Thursday of each month at 6 p.m., unless otherwise noted.

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