AMA ESD Board Approved March FinancesWed, 21 Apr 2021 17:19:56 EDT
During their most recent meeting (April 8th), Alpena Montmorency Alcona Educational Service District Board of Education members reviewed and accepted financial statements for the month of March.
ESD officials indicated that as of March 31st, the ESD general fund had over 3 point 9 million dollars ($3,942,662.00) in revenues and more than 1 point 9 million dollars ($1,910,100.00) in expenses, year to date. That resulted in a fund balance of over 2 million dollars ($2,032,562.00).
In the special education fund, revenues of more than 6 point 4 million dollars ($6,426,723.00) were over expenses of almost 4 point 7 million dollars ($4,664,461.00). That resulted in a surplus of nearly 1 point 8 million dollars ($1,762,262.00).
The ESD's current fiscal year goes the July 1st of this year.
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