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Tecumseh board reviews April finances, hears state-aid timing and borrowing concerns
Summary
Business manager Kelly Glenn presented April financials showing $3.14 million cash on hand and a $396,002.72 year‑to‑date shortfall; trustees pressed staff on timing of state aid, federal reimbursement draws and the district's use of short-term borrowing.
The Tecumseh Public Schools Board of Education reviewed the district's April financial report and discussed cash flow challenges tied to state aid timing and summer expenditures.
In a presentation to the board, Business Manager Kelly Glenn said, "Cash on hand as of April 30 is $3,138,477.38." Glenn told trustees the district records seven months of state aid on the April report while showing 10 months of expenditures, a timing difference she said will flip to a positive as the district recognizes late state aid payments after fiscal year end.
The financial summary Glenn presented shows accumulated revenue from…
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