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Easton School District reports roughly $953,000 cash balance; revenues, expenditures tracking below year-to-date expectation
Summary
Finance presenter Nicole told the board the district had $953,000.13 on hand for the month ending Nov. 30, is holding about a 25% fund balance, and has year-to-date revenues and expenditures at about 22% of budget (versus 25% elapsed year). Capital and special funds were reported separately.
The Easton School District reported a cash balance of $953,000.13 for the month ending Nov. 30, finance presenter Nicole told the board during the district's regular meeting. She said the district’s minimum fund-balance policy is set at 20 percent and that the district is roughly 25 percent above that threshold.
Nicole explained November is a low collection month…
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