Treasurer reports district funds healthy; education fund at $16.2 million and rainy-day up $4 million from last year

The district treasurer presented November financials and a forecast ahead of December tax receipts, telling the Greater Clark County School Board on Dec. 10 that the education fund balance sits at $16,200,000 before required transfers.

Nut graf: The treasurer said December is a material month for tax revenue and state reconciliations; the district expects transfers and state reimbursements that will change fund balances when the December report is presented in January.

Key points presented included: the education fund at $16.2 million (not including intra-district transfers), an operations fund that typically receives major tax receipts in June and December, a debt-service cash balance up $6.7 million from last year (reserved for loan life adjustments and maintaining the tax rate), and a rainy-day fund about $4 million healthier than last year.

The treasurer noted the district will bring forward routine resolutions for internal transfers and that the annual textbook-rental reimbursement from the state will be moved into an education fund for tracking. No budget reductions or board-level reallocations were proposed at the meeting; the treasurer recommended continued monitoring of legislative developments that could affect state funding formulas.

Ending: The board will receive an updated monthly financial report in January showing end-of-December reconciliations and will consider routine resolutions for internal transfers in upcoming meetings.