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District budget report: state payment improves cash flow; depreciation transfer planned
Summary
District finance staff reported a $3.5 million state payment improved the district’s cash position, moving the fund balance from a prior-year deficit toward a $2.3 million positive balance and signaled an upcoming transfer to the depreciation fund.
District finance staff told the North Platte Public Schools Board of Education on May 12 that a recent state payment improved the district’s cash flow and balance sheet and that a planned transfer to the depreciation fund will occur at the end of the week.
A finance presenter (Stewart) said the district received $3,500,000 from the state last month, which materially changed the…
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