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5 <br /> 1 Slide #7 <br /> Fund Balance Trend <br /> 6,620.000 <br /> 6 130.000 <br /> 4.940.000 <br /> 4,120.000 <br /> 3,420.000 <br /> *Fund fiatance is determ-ed at the close <br /> of the f scal year which is June 30.Until <br /> the elRemal audit is completed and the <br /> disincl's fin amhal statements are <br /> finalized any reference tv FY 2024 fund <br /> balance is an'estimatelbeyt guess'. <br /> a <br /> 2020 2021 2022 2023 2024 <br /> FNrACF CHALLENGE. jNSPIRE. <br /> 2 <br /> 3 <br /> 4 Slide #8 <br /> Questions? <br /> 5 <br /> 6 Commissioner McKee said he appreciates the work they have done with the budget <br /> 7 available. He asked what caused the fund balance to go down and if it was related to COVID. <br /> 8 Rhonda Rath said that during COVID, the district was able to put more into fund balance, <br /> 9 but since then there has been more of a drain. <br /> 10 Commissioner Richards asked what caused the 5% decline in enrollment. <br />