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Watertown district financial report: nutrition fund shortfall, capital projects and Lake Area Tech revenue noted
Summary
District finance staff reported district and Lake Area Tech fund positions: general fund cash of about $6.3 million, capital outlay activity tied to athletic-complex construction, special education cash of $2.8 million, and K–12 nutrition operating with a $124,000 cash balance that will require pricing evaluation.
Heidi (staff member) presented the monthly financial report to the Watertown School District board, summarizing district operating funds, capital projects and Lake Area Tech enterprise activity.
Heidi said the general fund received anticipated taxes, the regular state aid payment and other state revenue of $738,000 (state apportionment and bank franchise tax). She reported a general‑fund ending cash position of $6,300,000, which she said is below the prior year as anticipated. In capital outlay,…
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