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CFO says state budget impasse leaves Bethlehem Area SD about $30 million short in July-August receipts
Summary
The district's CFO warned the board that state funding delays and federal uncertainty are creating cash-flow pressure for July and August'about $30 million not yet received'and that contingency planning would begin if the situation persists beyond October.
The Bethlehem Area School District's chief financial officer told the board on Aug. 11 that the district is operating without roughly $30 million in expected state revenue for July and August because of a state budget impasse.
The CFO said the missing $30 million primarily affects cash flow and interest-earning offsets the district uses to balance its budget. "Had everything been going as predicted, we would have about…
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