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Finance director warns of cash‑flow workarounds as Meridian prepares major projects and grant-funded builds
Summary
Finance staff reported a $601,000 capital-to-general transfer, an upcoming $91,000 transfer, a $3 million Early Learning Center project largely grant-funded, and an $850,000 federal grant routed through Mount Vernon; staff flagged timing uncertainty and possible short-term financing.
Daniel, who presented the budget and finance report, told the Meridian School District board that administrators moved $601,000 from the capital projects fund into the general fund to cover technology-levy expenses and expect another roughly $91,000 transfer at the end of August.
Daniel said the capital projects fund’s ending balance is about $996,000 and that the district anticipates spending roughly $3 million on the Wacom Early Learning Center project in 2024–25. He said about $2.1 million of that is…
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