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Treasurer: Oldham County Schools report $204.6 million in total funds; general fund at roughly 85.3% of budget
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Summary
Treasurer Carrie told the Oldham County Board of Education that governmental fund receipts in March were $8.8 million and disbursements $21.4 million, leaving governmental funds at about $195 million and total combined funds at $204.6 million; she said roughly 95% of property taxes are collected.
Treasurer Carrie delivered the districts March financial report to the Oldham County Board of Education, saying governmental fund receipts totaled $8,800,000 and disbursements were $21,400,000, leaving an ending governmental fund balance of $195,000,000 and total combined funds of $204,600,000. "If you look at the second, we have the Bonnet Construction Fund, and we have an ending balance of 134,200,000," Carrie said, and added the investment account was "staying pretty much the same at 17,100,000."
She told trustees the general fund shows roughly 85.32% of budgeted revenues and that "we've collected almost 95% of our general property tax," noting capital outlay receipts are expected in May and remaining SEEK funds in June. "Right now, we are under budget... we're only at 63%, which is about normal because most of our checks for salaries come out in the month of June," she said.
Board members asked no follow-up questions, and the board took the report under advisement by unanimous voice vote. The treasurers figures presented were drawn from the March summary, a multi-sheet report that included a balance sheet and income statement; the board did not request additional financial detail during the meeting.
