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Gary schools finance staff say budget balanced through April; referendum transfers and early tax draw noted
Summary
The district reported being balanced through April, noted $3.9 million earmarked for curriculum, ongoing transportation cost pressures, about $2 million remaining in a repairs fund, and an early tax draw of $2,185,000 from the referendum fund.
District finance staff presented an overview of the major funds and cash flow through April. The presentation covered education, operations and referendum funds and highlighted several items board members asked about.
Key points from the presentation
- Balanced through April: Staff reported the district’s accounts were balanced through April and that May’s reconciliation was still in progress.
- Education fund: Staff said approximately $3.9 million is…
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