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Cuyahoga Falls presents budget-reduction forecast; federal grant deadlines extended amid state software rollout problems
Summary
Treasurer presented a condensed budget reduction forecast showing multi-million-dollar shifts and 10% reduction targets; treasurer also described state grants software rollout problems and temporary extensions to federal grant encumbrance/liquidation deadlines.
At the Aug. 6 meeting the Cuyahoga Falls Board of Education received a condensed forecast of budget reductions and updates on federal grant administration from Treasurer/CFO Kristin Stokley.
Stokley summarized the district’s narrowed forecast: compared with projections presented in May, some categories showed substantial movement because invoices were paid earlier or projects deferred. She said district spending in the four detailed non-salary categories ran about $18.2 million last fiscal year, that the current-year appropriation for those categories is under $12 million, and…
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