Board reviews monthly financial report; staff cites timing of federal and state reimbursements
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Summary
At the Dec. 8 meeting staff reported the district's cash balance is healthy but temporarily affected by delayed reimbursements from federal and state programs, including CTE funds and an $800,000 program approval referenced by staff.
Speaker 1 opened the financial portion of the agenda and asked Speaker 2 (identified in the transcript as Jen) whether any issues required board attention. Speaker 2 replied there were no immediate concerns but explained cash flow had been affected by timing: reimbursements from programs such as CTE had not yet been received from the Mississippi Department of Education and staff expects to request those funds next month.
Speaker 2 referenced an $800,000 program approval mentioned in the meeting that affected when the district could request funds. Speaker 2 said the district maintains a healthy cash balance to cover such timing differences and asked trustees to note the temporary nature of the cash‑flow pressure.
No budget adjustments or formal fiscal actions were proposed at the meeting; this item was informational.