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Greensburg board approves monthly finances and $100,000 transfer to rainy‑day fund
Summary
The Greensburg Community Schools board approved its monthly financial report, confirmed key budget figures for the month and unanimously authorized a $100,000 transfer from the operations fund to the rainy‑day fund to bolster reserves.
The Greensburg Community Schools Board approved its monthly financial report and authorized a $100,000 transfer from the operations fund into the district’s rainy‑day fund.
A staff member presenting the report said the education fund began the month with $1,417,616.50 and recorded education expenditures of $1,471,542.38. The district reported operations revenue of $374,535.28 and operations expenditures of $486,109.39. The presenter also noted teacher pay as a percent of state tuition at 65.87% and an education‑to‑operations transfer rate of 12.72%.
During discussion, a board member noted the district has historically transferred roughly $100,000 to $800,000 annually into reserves; the board approved a resolution to move $100,000 from operations to the rainy‑day fund by voice vote.
The board also approved routine consent items including minutes from Feb. 10 and vouchers 44002 through 44196.
