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April business report: District 186 reports Ed Fund shortfall for April, investment balances boosted by bond proceeds
Summary
The district reported April Ed Fund expenditures exceeded revenues by $7.1 million for the month; cash and investment balances rose after bond sale proceeds, and monthly sales tax receipts for the January collection period were discussed.
Springfield SD 186 business officials presented the district’s April financial report to the Board of Education Monday, reporting that Education Fund expenditures exceeded revenues by $7.1 million for the month while the district’s combined cash and investment balances rose after depositing recent bond sale proceeds.
The April report showed Education Fund revenues of $5.8 million…
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