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Tahlequah treasurer: district ends year with large carryover but faces federal grant uncertainty
Summary
The district reported a higher-than-expected bank balance and carryover, but officials said federal grant allocations remain uncertain — about $500,000 is being withheld and roughly $900,000 of programs are at risk pending federal decisions.
The district’s deputy treasurer reported to the Tahlequah Public Schools Board of Education on July 27 that the district closed June with a bank balance of $20,738,339.89 and several fund balances that exceeded expectations — including an $8,301,642.98 general fund balance and a $7,280,504.52 building fund.
Why it matters: Administrators said the carryover provides a cushion as the district waits for federal grant allocations. The treasurer and superintendent warned that multiple federal grants and program allocations remain uncertain and some funds have been withheld, creating potential cash-flow pressure for next year.
What officials said: The deputy treasurer…
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