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MSD Wabash County board reviews finances, approves 2025 budget resolutions and transfers
Summary
Board business included a board-of-finance review showing roughly $1.5 million in interest earned in 2024, presentation of fiscal indicators, and approval of multiple budget and transfer resolutions for 2025 including a transfer cap and authorizations to pay claims.
At its board of finance session and regular meeting, the MSD Wabash County Schools board reviewed 2024 investment earnings and fiscal indicators and approved several budget and cash-flow resolutions for 2025.
Business staff reported that interest earned on district cash balances in 2024 totaled just over $1,500,000, with account rates during the year ranging from about 4.48% to 5.35%. The business office also presented the Department of Local Government Finance (DLGF) fiscal indicators (which, by rule, reflect data through the end of 2023) and an internal fiscal dashboard showing fund balances, revenue sources and the district’s long-range debt and…
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