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Gary CSC finance report: $12 million in education fund, operations tighter after transportation costs

Gary Community School Corporation Board of Education · August 14, 2023

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Summary

The district's finance report showed an education fund balance of about $12,000,000 in July, noted that operations fund cash is lower (about 21% of budget remaining), highlighted roughly $1.5 million in transportation bills received in June and scheduled two budget hearings in September and October ahead of an October vote.

Finance staff gave the board a monthly update on district funds and cash flow during the Aug. 14 meeting.

Presenter Steve Duddl (financial presenter) said the education fund stood at about $12,000,000 in July and explained how state distributions and property-tax timing drive monthly fluctuations. He noted…

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