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Board approves $3.53 million in invoices; treasurer reports February revenues, spending and cash balances
Summary
The Board approved invoices totaling $3,534,427.09 and accepted the February 2025 treasurer’s report showing revenues of $2.7 million, expenses of $9.6 million and a $32 million cash balance; the report noted certain budget lines (notably cooperative special‑services transportation) trending high.
The Lincoln Way Board of Education approved invoices totaling $3,534,427.09 for 02/21/2025 through 03/20/2025 and accepted the Treasurer’s Report for February 2025, which summarized revenues, expenses and cash position through the month.
According to the treasurer’s presentation, February revenues totaled $2,700,000 and expenses totaled $9,600,000, leaving a total cash balance of $32,000,000 as of Feb. 28. The report said the district has received 53% of budgeted operating revenue through February and expended 64.8% of budgeted operating spending; comparable figures at the same point last year were 52.1% and 65.4%, respectively. Staff cautioned that some budget lines are trending high, pointing to District 843 special‑education transportation costs as a notable area under review.
District staff said if high‑trend cost areas continue, the business office will work with special‑services transportation and update the five‑year financial forecast; an amended budget would only be considered if auditors or circumstances make it necessary, typically in May or June. The treasurer also noted liquid rates near 4.3% and shorter‑term treasury rates under 4%.
A motion to approve the invoices and a separate motion to accept the treasurer’s report each passed unanimously.
