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Cheltenham SD finance committee: cash up $4.7M but structural balance down $3.2M year over year
Summary
At an April 1 finance committee meeting, district finance staff reported a $4.7 million increase in cash year over year, revenue up $2.2 million and expenditures up $5.4 million — a $3.2 million negative shift in structural balance driven largely by staffing, contract settlements and increased special-education placements.
Cheltenham School District finance staff told the district finance committee on April 1 that the district’s cash position is $4.7 million higher than a year ago while revenues are $2.2 million higher and expenditures are $5.4 million higher, producing a year‑over‑year structural change of negative $3.2 million.
The finance staff member said local sources rose about $1.7 million, driven mainly by real estate tax receipts, and cited state aid and a one‑time charter school reimbursement that increased revenue this year but may not recur next year. The staff member said wage increases and contract settlements pushed up regular-program expenses and that special-education costs rose by about $1.8…
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