Division of Finance
Overview
The Division of Finance Department works collaboratively in managing the District finances, establishing financial resilience by developing and implementing financial strategies, monitoring spending, and ensuring compliance with financial regulations. The office supports leaders on financial matters, helping to make informed decisions about resource allocation and fiscal policy. This department includes division leadership positions.
Budget Summary
Division: Finance Division
Sub-Division: Finance Division
Total Budget Allocation: $1,408,293
Salary/Non-Salary
|
Amount |
Percentage |
| Salary |
$544,579 |
38.67% |
| Non-Salary |
$863,714 |
61.33% |
| Total |
$1,408,293 |
100.00% |
Funding Sources
| Name |
Budgeted Amount |
| Building Bond Fund |
$290,872 |
| Department Budget (General Fund) |
$1,094,921 |
| Tech Levy (1097) |
$22,500 |
| Total |
$1,408,293 |
Budget Category Amounts
|
Amount |
| Capital |
$290,872 |
| Central Operations |
$1,117,421 |
| Other |
$0 |
| School Support |
$0 |
| Student Support |
$0 |
| Total |
$1,408,293 |
Positions
Position Summary
| Position Count |
FTE Amount |
Salary Amount |
Fringe/Benefits Amount |
Total Salary Budget |
| 2 |
2.00 |
$395,482 |
$149,097 |
$544,579 |
Positions
| Name |
FTE |
| Executive Director, Finance |
1.00 |
| Senior Finance Officer |
1.00 |
| Total |
2.00 |
Non-Salary Expenses
| Name |
Funding Type |
Amount |
Explanation |
| Contracted Services |
Department Budget (General Fund) |
$89,100 |
Contracted services with multiple vendors for finance systems support |
| Non-Inst Software |
Department Budget (General Fund) |
$20,000 |
Subscription fees for system to accept online payments on behalf of the district |
| Contracted Services |
Department Budget (General Fund) |
$33,456 |
Contracted services for Davis Center document shredding |
| Non-Inst Software |
Tech Levy (1097) |
$22,500 |
DebtBook accounting software subscription (tech levy portion) |
| Contracted Services |
Department Budget (General Fund) |
$88,370 |
Contracted services for workers compensation processing system |
| Contracted Services |
Department Budget (General Fund) |
$40,000 |
Contracted services for unemployment insurance processing systems |
| Contracted Services |
Building Bond Fund |
$126,072 |
Contracted services with PFM Asset Management LLC for bond advisement |
| Contracted Services |
Building Bond Fund |
$164,800 |
Contracted services with Dorsey & Whitney for bond-related legal services |
| Non Instruc Software |
Department Budget (General Fund) |
$3,250 |
DebtBook accounting software subscription (general fund portion) |
| Conf. Registration/Travel |
Department Budget (General Fund) |
$16,000 |
Professional development and related travel for the division |
| Contracted Services |
Department Budget (General Fund) |
$165,630 |
Contracted services for rating agency fees |
| Admin Supplies |
Department Budget (General Fund) |
$18,545 |
Office and administrative supplies for the division |
| Dues, Mem., Lic., and Fees |
Department Budget (General Fund) |
$2,750 |
Fees for membership in finance and business associations |
| Doc Center services |
Department Budget (General Fund) |
$24,781 |
Document center printing services |
| Postage |
Department Budget (General Fund) |
$3,460 |
Postage |
| Contracted Services |
Department Budget (General Fund) |
$45,000 |
Contracted services for division support |
| Total |
$863,714 |
|
