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Owasso treasurer reports revenues up but expenditures higher; child nutrition fund spending planned to reduce balance
Summary
Treasurer Philip Storm told the board that district general-fund revenue through April is about $1.5 million higher than last year while expenditures are about $2 million higher; child nutrition expenses exceed revenue by roughly $250,000 by design to reduce fund balance to meet state guidelines.
Philip Storm, the district treasurer, presented the April financial report showing year‑to‑date revenue and expenditure trends through April (10 months of data).
Storm told the board that general‑fund revenue is about $1.5 million higher compared with the same point last year while general‑fund expenditures are roughly $2…
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