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5 <br /> 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 Balance is determined at the close <br /> of the fiscal year which is June 30_Until <br /> the external audit is completed and the <br /> district's financial statements are <br /> finalized,any reference to FV 2024 fund <br /> balance is an'estimate/best guess <br /> r <br /> 2020 2021 2022 2023 2024 <br /> ENGAGE CHALLENGE. INSPIRE. <br /> Slide #8 <br /> Pr <br /> Questions? <br /> Commissioner McKee said he appreciates the work they have done with the budget <br /> available. He asked what caused the fund balance to go down and if it was related to COVID. <br /> Rhonda Rath said that during COVID, the district was able to put more into fund balance, <br /> but since then there has been more of a drain. <br /> Commissioner Richards asked what caused the 5% decline in enrollment. <br />