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Finance director: revenues lag while expenditures rise; board approves budget amendment
Summary
Finance staff reported that district revenues have not kept pace with expenditures through March, noting a low cash point of about $2 million and a $53 million budget; the board approved a budget amendment that added grants and reclassifications and tapped federal funds for a van and other program needs.
At the April 27 meeting, the Onalaska School District finance presentation showed operating revenues lagging expenditures through March and a low-cash point of roughly $2,000,000 in funds 10 and 27 on a $53,000,000 budget. Janet, the district finance presenter, explained that lower state equalization aid and the exhaustion of ESSER funds increased reliance on local tax revenue and…
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