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Treasurer—riefs board on December finances; trustees ask to monitor athletic and food-service funds
Summary
The treasurer/CFO presented the December investment schedule and monthly spending report, noting seasonal cash flow lows, construction fund activity and near-zero balances in some activity funds. Trustees asked for ongoing monitoring of athletic and food-service accounts and for average spring athletics costs.
The Cuyahoga Falls Board of Education on Wednesday approved the treasurer/CFO's consent items, including the December investment schedule and monthly spending report, while trustees asked finance staff to monitor activity accounts that showed tight balances.
Treasurer Christy Stokoi told the board December is typically a low cash-flow month and noted a one-time insurance payment reduced available cash. "In theory, that's about a…
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