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Board reviews year-end education and operations fund balances

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Summary

Staff reported the education fund closed June 30 with a cash balance under $9.6 million (16.35% of budget) and that transfers of $500,000 from the education fund to operations totaled $6 million this year.

The School Board received a year-end report on the district’s Education and Operations funds. Staff reported the education fund closed June 30 with a cash balance just under $9,600,000, representing 16.35% of the education budget; including the rainy-day fund raised that share to 19.84%. Revenues year-to-date…

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