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District reports $6.5M receipts in May; board cautioned over lost grants and pending project decisions
Summary
Finance staff reported May receipts of more than $6.5 million, year‑to‑date revenues at 97% of budget, and a cash position near $7 million; board discussed possible loss of $175,000+ in external funding and whether to proceed with road work before expansion costs are finalized.
Gravette School District finance staff reported that May receipts totaled a little over $6.5 million, including roughly $6 million in property tax receipts and $417,000 in monthly state foundation funding. Year‑to‑date receipts through period 11 were reported at about $25.1 million, approximately 97% of budgeted revenues.
Finance staff noted an $863,000 overage in local tax collections so far…
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