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Yakima SD finance director says cash and budget-to-actuals are tracking as projected; substitutes and legislative uncertainty remain risks
Summary
Jake Cooper told the board cash flow and budget-to-actuals were close to projections for December, highlighted a $4 million float in cash planning, and warned that substitute pay and legislative outcomes could materially affect the district budget.
Jake Cooper, Yakima School District chief financial officer, told the board on Jan. 21 that the district’s cash position and budget-to-actual results for December are tracking near projection and that a $4 million float built into cash planning remains in place to ensure liquidity.
Cooper explained the district’s tax collection cycle produces two major revenue spikes—fall and spring—and that January sits in the fiscal trough that commonly represents the year’s lowest cash balance. He said that if the trough…
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