At the Oct. 20 meeting, the Oconee County Board of Education’s business services presenter provided the finance report for September, describing the district’s cash position, vendor payments, budget percentages and federal fund reimbursements.

Mr. Adams, business services, told the board the district’s closing cash balance as of Sept. 30 reflected an 8.18% decrease from the previous month but said balances “remain strong and we are still well positioned to meet our financial obligations for the fiscal year.” He said the district expects collections to rise as local tax receipts arrive.

The report said the district paid 494 vendors $3,600,000 during September. Revenue collections for the month stood at 14.4% of budget; expenditures, which would typically be about 25% at this point in the fiscal year, were at 28.8% but included encumbrances totaling $3,200,000 (about 2.7% of the fiscal year). Mr. Adams said that without encumbrances, expenditures would align with expectations.

He also reported a 1.82% decrease in a local collections metric month over month but a 2.71% increase compared with the previous September. On federal funds, Mr. Adams said reimbursements are processed on a reimbursement basis and that the district had not been notified of any slowdowns by the U.S. Department of Education related to the federal shutdown.

No board action was required on the business services report; the presenter invited questions but none were raised.