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Business office warns fund balance could be drawn down by late winter without state aid
Summary
District business office told the Millersburg Area School Board that expenditures are on target but revenues are lagging due to state budget shortfalls; a cash‑flow projection shows the district could be at low fund balance by February–March without state funding and will monitor the state budget.
Mr. Petri, the district business‑office presenter, told the board that expenditures are "where we expect them to be" but that revenues are short because of state budget impacts. He said a cash‑flow projection attached to the agenda shows that "if we get no state funding at all, we can go to February, March is our projection right now," and cautioned the board that intervention would be required before then if state support does not arrive.
Petri said he will continue to watch the state budget and update the board and staff on changes. When a board member asked whether the district was approving payments but holding checks, Petri said no: the district was not withholding vendor payments and any significant changes to payment timing would require board approval or guidance from the solicitor.
The board approved business‑office reports and asked staff to keep monitoring cash flow and the state budget; no emergency budget actions were taken at the meeting.
