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PCSSD finance chief warns of cash-flow squeeze; legal fund balance reported at $682.72
Summary
CFO Rita Guess told the board period-4 figures show a beginning balance of about $2.7 million, month revenues near $15 million and expenses of $17.57 million, leaving a legal fund balance of $682.72. She recommended rebuilding reserves ahead of large county tax receipts.
Rita Guess, the district's finance presenter, told the Pulaski County Special School District board that cash-flow timing had driven the legal fund balance low in period 4.
"We have a beginning balance of 2,700,000.0, current revenues of almost 15,000,000, current expenses of 17,570,000.00, and our ending legal balance is $682.72," Guess said.
Guess explained the pattern is largely timing-related: the district does not receive state aid…
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