ROANOKE - According to the latest figures, Roanoke-Benson concluded the fiscal year in the black in its three major funds with a mostly balanced budget.
“We completed all the projects we had planned,” said board member Todd Meinhold at Thursday evening's meeting. He added he was unsure where the savings in projected expenses occurred.
The education fund’s actual revenue of $4,861,292 (99.9 percent of the budget) exceeded actual expenses of $4,725,328 (98.3 percent of the budget) for a difference of $135,964, leaving a positive end-of-year total balance of $938,526. The operations and maintenance Fund’s actual revenue of $466,248 (101.2 percent of budget) exceeded actual expenses of $395,069 (87.2 percent of budget) for a difference of $71,179, leaving an end-of-year positive balance of $885,469.
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The transportation fund's actual revenue of $340,826 (91.1 percent of revenue) fell short of its actual expenses of $364,006 (100.4 percent of budget) for a deficit of $23,180. However, the balance in the fund remained in the black with a balance of $18,475 due to reserves.
See article on July 25 Woodford County Journal newsstands