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Muhlenberg County Schools board approves treasurer—s report; district discusses investments and reliance on TVA funds
Summary
Board approved the February treasurer—s report and payment of bills, while trustees discussed $10 million invested with MassMutual and the district—s effort to reduce dependence on TVA payments that comprise a significant portion of the budget.
The Muhlenberg County Board of Education on March 1 approved the treasurer—s report for the period ending Feb. 28, 2025, and authorized payment of bills and salaries, while discussing the district—s short-term investments and dependence on TVA-derived revenues.
The treasurer, Mr. Blakesinger, reported a beginning cash balance of approximately $45.2 million and monthly receipts of about $3.4 million. He told the board the district—s accounts payable totaled roughly $1.78 million and identified major February expenditures including a $405,000 payment to Old Wealth Management, $210,000 to BSN Sports for middle-school lockers, and roughly $150,000 to KU and to Gordon Food Service for food costs.…
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