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Treasurer reports positive revenue variance but higher January expenditures due to three‑pay month
Summary
Lakewood City Schools Treasurer presented January finance figures: the district showed higher investment income and a positive year‑to‑date revenue variance but a negative expenditure variance driven by a three‑pay month and benefit costs. Cash reserves are sufficient through fiscal year 2026, the treasurer said.
The district treasurer reported January financial figures to the board on March 3, noting strong investment income but higher expenditures in the month due to payroll timing and benefit costs.
Mrs. Clark Sutton (presenting the finance report) said investment earnings for regular board funds in January totaled $226,311, bringing year‑to‑date investment earnings to $2,206,419. For January 2025 the general…
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