AMA ESD Board Reviews Finances for January
Thu, 08 Mar 2018 06:07:08 EST
Alpena Montmorency Alcona Educational Service District Board of Education (AMA-ESD) members recently reviewed and accepted financial statements for the month of January.
Financial Director Tony Suszek mentioned that, as of January 31st, the ESD general fund had almost 2 point 7 million dollars ($2,694,807.00) in revenues and less than 1 point 7 million ($1,688,029.00) in expenses, year to date. That resulted in a fund balance of just over one million dollars ($1,006,777.00).
In the special education fund, revenues of almost 3 point 9 million dollars ($3,878,652.00) were over expenses of nearly 2 point 9 million ($2,897,515.00). That resulted in a fund balance of just over 981 thousand dollars ($981,137.00).
The ESD’s fiscal year runs through June 30th of this year.