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KSDE finance director walks Board through cash-balance categories, why July 1 figures can mislead
Summary
Deputy Commissioner Frank Harwood briefed the Board on how districts report cash balances, the differences between levied, capital, federal and operational funds, and why July 1 beginning balances can appear large but are not freely available for spending. He said statewide operational cash balances are within commonly recommended ranges.
Kansas State Department of Education Deputy Commissioner Frank Harwood presented a detailed briefing on school cash balances to help board members interpret the public Data Central reports.
Harwood explained how districts report 34 separate cash-balance categories and why July 1 balances (the start of a fiscal year) can be misleading because many funds are earmarked, seasonal or required to cover near-term liabilities. He divided funds into capital funds (bond and capital outlay), levied funds (local levies such as supplemental general fund), operational funds and special-purpose funds (food service,…
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