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Calhoun County CFO reports $59.8 million in cash, $16.0 million in investments in January financials
Summary
Chief School Financial Officer Godwin presented the district’s January 2025 financial statements, reporting approximately $59.8 million in cash and cash equivalents and investments at a cost basis of about $16,000,040; general-fund revenues were at about 35.4% of budget.
Chief School Financial Officer Godwin presented the Calhoun County Schools’ financial statements for January 2025, reporting cash and cash equivalents of about $59.8 million and investments at a cost basis of roughly $16,000,040.
Godwin said the district’s general-fund revenues stood at about 35.39% of the amended budget for the fiscal year to date and that general-fund expenditures were running at about 32.15%. He told the board the district’s year-to-date balance placed the district at roughly a five-month reserve level. Godwin noted some budgeted expenditures — roofing projects and new bus purchases — had not yet been realized in invoices, which reduced year-to-date spending relative to the budget.
Godwin also reported a roughly 2% year-over-year increase in sales tax collections through January and described timing differences between property-tax receipts and other revenue sources as consistent with normal collections. He referenced reconciliation of cash with correspondent bank statements and cited exhibits and operations reports showing month-to-date and year-to-date comparisons.
Ending Godwin closed by answering procedural questions about exhibits and reconciliation; the board then moved on to the consent agenda and superintendent action items.
