St vrain valley school district

Written on 7:08 AM by Admin

st vrain school district, stvrain valley school district, 9 news, school closings, bvsd

SVVSD to review annual financial report today

LONGMONT — The St. Vrain Valley School District Board of Education will review the comprehensive annual financial report during a special meeting at 6 p.m. today at the School Service Center, 395 S. Pratt Parkway, Longmont.

As of June 30, the general fund, out of which the district pays salaries, operating expenses and most supplies, had a balance of $35.7 million, a draft of the report stated. The district received $15.9 million from mill-levy override revenue and spent $4.3 million less than budgeted last year, according to the draft report.

The unreserved general fund balance is $18 million; $3.6 million of that is designated for contingencies and $14.4 million is allocated for projects related to the mill-levy override.

During the regular Board of Education meeting, which starts at 7 p.m., the board is scheduled to vote on approving or denying two new charter schools.