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Finance staff: district revenues down about $1.4 million; fund balances briefly lower pending tax receipts
Summary
District finance staff reported a roughly $1.4 million shortfall compared with the same month last year, higher operating costs and a 24% decline in fund balances this reporting period; staff said the shortfall is expected to be temporary pending tax collections.
Finance staff told the Warren Co. R-III Board of Education the district is carrying lower revenues this month compared with last year and higher operating costs, but staff said they expect tax receipts to reduce the shortfall next month.
"We're about $1,400,000 less this month than we had this month last year," a finance staff member said, attributing…
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