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Finance chief: cash on hand down $750,000 from last year; nearly $700,000 in grants filed, audits and Skyward conversion underway
Summary
Interim financial lead reported general fund cash of about $5.7 million (roughly $750,000 less than the prior September), nearly $700,000 in grant applications submitted this week, an ongoing Skyward data conversion, and both a forensic audit and annual audit in progress.
The district's financial officer reported the district's cash position, grant activity, software conversion status and audit schedule, and outlined short-term borrowing options to bridge a revenue timing gap before property-tax receipts arrive in spring.
Speaking to the board, the district financial lead said adjusted cash on hand in the general fund is about $5.7 million, down roughly $750,000 from the same time last year after adjusting for open accounts payable related to outsourced payroll. "So difference last year, we had 6 point almost 6,900,000.0. And then this year, adjusting for some open APs related payroll ... we're about…
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