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Finance staff: Berwick Area SD cash position stable but a short-term loan may be needed if state budget impasse continues
Summary
Finance staff reported a general fund balance of $18,000,000 and an estimated $12,000,000 after November bills and payroll, warned December will include three payrolls and roughly $6,000,000 in outlays, and said the district could seek a short-term loan if the state budget impasse persists.
District finance staff told the board the district's financial position remained stable through Oct. 31, but that uncertainty from a state budget impasse could force short-term borrowing early next year.
Kristine reported year‑to‑date expenditures of about 19.8% and a general fund or cash balance of…
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