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District finance report: roughly $50 million cash balance, DUAB indicators reviewed
Summary
Superintendent told the board HCCSC held a cash balance slightly over $50 million as of Dec. 31, 2024, reported about $1.374 million in 2024 interest earnings and reviewed the DUAB fiscal indicators; the board approved November 2024 financials.
Huntington County Community School Corporation’s leadership told the board the district’s fiscal indicators look strong as staff presented the investment and DUAB (Distressed Unit Appeals Board) report and the November 2024 finance packet.
Superintendent Trout said the district had no certificates of deposit at the time of the report and described the district’s cash position: "The cash balance as of 12/31/2024 is slightly over…
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