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Finance update: district ends year slightly over budget, cash up about $1.2M; administration pursues solar grant and Nexus planning
Summary
Finance staff told trustees the district is slightly over budget for the year after tech purchases but reports a roughly $1.2 million increase in cash year‑over‑year. Administration outlined plans to apply for a Solar for Schools grant and reported progress on a Nexus facilities portfolio with 3‑D school renderings.
Unidentified district finance staff told the East Grand Forks Public School District board on July 28 that year‑end expenditures are slightly over budget after technology purchases but that the district's cash position has improved.
"We are sitting at 262 over 1000 over budget," the finance speaker said, noting that purchase of tech supplies pushed the year into an over‑budget position that audit closing entries may adjust. The same speaker reported that "our cash position is up about 1,200,000.0 over last year," a gain administration attributes in…
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