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Treasurer reports tightened cash position; board approves consent agenda, check register and financial report
Summary
District treasurer told the board the district's cash balance is low (about $12 million overall, $5 million in the general fund) and confirmed a temporary spending freeze on nonessential purchases; the board approved the treasurer's consent agenda, check register and the December financial report.
Treasurer Patrick (last name not provided) briefed the Stow-Munroe Falls Board of Education on the district's December cash position and a temporary spending-control measure at the Jan. 28 meeting.
The treasurer reported the district held about $12 million across accounts at the end of December, with approximately $5 million in the general fund (roughly two payroll cycles). "Given our cash balances... $12,000,000 for a district our size…
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