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MCCSC finance officer reports no signs of DUAB distress but flags headwinds including declining enrollment
Summary
The district’s investing officer and treasurer presented the annual investment and financial-condition reports, showing no signs of financial distress through Dec. 31, 2023, while projecting caution for 2024 due to declining enrollment, referendum effects and rising medical costs.
John Kenny, treasurer and investing officer for the Monroe County Community School Corporation, presented the annual investing officer’s report and the district’s financial condition review to the Board of Finance during the corporation’s annual meeting.
Kenny said the district invested funds at Matrix Trust Company (for VEBA accounts), Old National Bank (checking and savings) and Old National Wealth Management (investments beyond checking and savings). He noted December statements for Matrix Trust were not available and that November 2024 amounts were presented for those trust holdings.
Kenny summarized interest income and the district’s investment strategy. He said…
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