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Treasurer reports $40M cash balance as board discusses forecast, enrollment declines and potential levy timing
Summary
The Forest Hills School District treasurer told the board on April 16 that the district’s March 31 cash balance stood at about $40 million and its unreserved balance at approximately $35.2 million, and that the administration will update the five‑year forecast in May as enrollment and cost pressures continue.
The Forest Hills School District treasurer told the board on April 16 that the district’s March 31 cash balance stood at about $40 million and its unreserved balance at approximately $35.2 million, and warned the board that cash reserves typically decline as the fiscal year ends.
Treasurer Alana Cropper summarized revenues and cashflow: donations in the month totaled more than $22,000, bringing year‑to‑date donations to about $471,000. The district received approximately $1 million in real estate advances in March, bringing total spring collection advances to roughly $30.5 million, she said. Cropper also reported that, with…
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