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Centennial SD says delayed state payments are squeezing near-term cash flow
Summary
Finance staff told the board the district has received about $1.6 million in homestead/farmstead payments this year and that, compared with last year, state receipts are roughly $3.4 million lower through September — a shortfall that is straining cash flow and forcing more cash-focused planning.
At the board meeting, district finance staff warned that delays and reductions in state payments have tightened Centennial SD's short-term cash position and complicated budgeting for FY25.
The presenter said the district received about $1.6 million in homestead/farmstead payments to date and expects the next payment on Oct. 23. He contrasted…
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