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Board hears finance report showing higher interest income and sufficient reserves through 2026
Summary
Treasurer Kent Zeman and finance chair Colleen Clark Sutton reported Nov. 2024 financials to the Lakewood Board, noting investment earnings of $171,788.41 for November and year-to-date interest income exceeding estimates, offset by modest expenditure variances; the district expects sufficient cash reserves through fiscal year 2026.
The Lakewood Board of Education received a finance committee report during its Jan. 6 meeting outlining the district’s November 2024 financial position.
Colleen Clark Sutton presented investment and cash‑position details: investment earnings for November totaled $171,788.41, bringing year‑to‑date investment earnings to $1,522,209.28. For November, general fund receipts were…
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