Title
Presentation of the Quarterly Financial Report for the FY 2019-2020 First Quarter ended December 31, 2019.
Body
Summary: Review and discussion of the preliminary and unaudited quarterly financial report for the District's FY 2019-2020 first quarter ended December 31, 2019. These preliminary results for the fiscal year are as follows:
Total Revenue - $164,045
Total Expenditures - $355,071, including $22,557 of capital outlay
Total Assets - $5,826,803
Total revenue includes sales tax revenue collected through October 2019 (sales taxes are deposited two months after collection).
Fiscal/Budgetary Impact:
N/A.
Recommended action
Accept the quarterly financial report for the FY 2019-2020 first quarter ended December 31, 2019.