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Cheltenham SD reports $4.5 million year‑over‑year cash increase; revenues and expenditures both rose through December
Summary
District finance staff told the committee the district’s cash position is stronger than a year ago, with nearly $112 million collected year-to-date, increases in local and state revenue, and higher expenditures partly due to retroactive salary payments and building operations.
Cheltenham School District finance staff told the finance committee on Jan. 7 that the district’s cash position improved by about $4.5 million compared with the prior year and that year‑to‑date revenue collections through December totaled nearly $112 million.
"Cash is still strong, $4,500,000 increase over the prior year," Staff member Josh Sweigler said while reviewing the balance sheet. Sweigler said total revenue collected to date is about $112 million versus about $109 million in the prior year, an increase of roughly $2.7 million.
Why it matters: stronger cash…
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