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District finance update: cash falls to about $4.5M after large debt service payment; audits nearing completion
Summary
CFO David Kuritar told the board the district ended October with roughly $5.5 million but has spent about $1.3 million since then (cash on hand now about $4.5M); the forensic audit is near completion and a CDE transportation grant recently reimbursed nearly $200,000.
The Woodland Park School District RE‑2 board received a financial update that flagged near‑term cash‑flow pressure and a set of audits being completed.
David Kuritar, the district's finance lead, reported the district’s cash on hand was "just a hair over $5,500,000" at Oct. 31 and that cash decreased by about $1,300,000 from September into October, leaving roughly $4,500,000 in the bank as…
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