Oldham County Schools report large bond proceeds and a $63 million tax payment, board approves report

Miss Alexander, the district treasurer, told the Oldham County Board of Education on Nov. 17 that the district saw a large increase in cash tied to recent bond-sale proceeds and tax collections.

"You're gonna see a large increase in our cash balance, and that's from the bond sale proceeds for the construction fund," Miss Alexander said, reporting "over 108,000,000 in bond proceeds" and saying the district also received a $63,000,000 property-tax payment this week that will appear in next month's statements. She said the construction fund held more than $152,000,000 while the general fund balance was at a seasonal low.

The figures were presented as part of the treasurer's October report, which included a fund-by-fund breakdown and a four-year revenue trend. Miss Alexander said the district currently had about $13,800,000 in disbursements for governmental funds and pointed trustees to numbered reports for account analysis and monthly balance sheets.

Board members had no substantive questions and voted to approve the treasurer's report. A motion to accept the report was made by "miss Scheffer" and seconded by "mister Sidio"; the board approved the item 4-0.

The board did not adopt any budget amendments or new spending at the meeting. Trustees were directed to review the detailed reports included in the packet ahead of the next regular meeting, when the treasurer said the recent receipts will be reflected in the monthly statement.