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Treasurer reports year-end cash balance and summarizes recent state legislative action
Summary
Treasurer Gengett presented the district’s year-end financial summary, including a $36.9 million ending cash balance (under the 40% cap) and described a recent state legislative override affecting certain levies.
Treasurer Gengett presented the district’s year-end financial summary to the board on Aug. 11 and reviewed a recent state legislative development.
Gengett said revenue for the year was within about 1 percent of projections and called out interest income and an unexpected state allocation for high-quality instructional materials as reasons some revenue lines exceeded estimates. Personnel and benefits made up roughly 83 percent of the operating budget; personnel spending…
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