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Board packet: Oakland Public Schools reports $10.49 million cash balance, capital and vendor outlays in July
Summary
The Board Secretary's July report shows a cash balance of $10,491,533.37 and itemizes fund totals (operating, capital projects, enterprise). The packet includes detailed bank reconciliations, a large vendor check register and capital change orders for Dogwood restroom and related projects.
The Oakland Borough Board of Education's financial packet, presented with the Aug. 19 agenda, reports a July 31, 2025 cash balance of $10,491,533.37 and breaks down holdings by fund and account.
The Board Secretary's July summary lists Fund 10 (general operating) cash of $7,535,660.75, Fund 30 (capital projects) cash of $2,510,083.32 and enterprise funds (including the cafeteria) totaling $345,008.04. The packet includes a certification that “no budgetary line item account has been overexpended” as of July 31, 2025, citing N.J.A.C. 6:30-2.13(d).
Detailed bank-reconciliation schedules identify deposits in transit, outstanding checks and reconciling journal entries. The posted-check register shows recent large payments and vendors: School Health Insurance Fund ($430,109.00), Thassian Mechanical Contracting ($302,521.30), R.J. Michaels & Co., Inc. ($205,618.95), and payments to benefit administrators and utilities. The register also lists a $522,600 facilities-grant transfer and a capital change order related to Dogwood restroom and drainage work.
Capital projects and appropriation adjustments are heavily documented in the packet. The Capital Projects Fund shows $2,509,896.02 in cash and a schedule of construction-related expenditures and encumbrances; change-order entries (Adj #000118, #000202, #000230 and related memos) allocate additional grant transfers and project costs for Dogwood school improvements.
Why it matters: the cash and reconciliation pages show near-term liquidity and the district's commitments to capital work; vendor payments and change orders indicate active construction and facilities spending approved or processed during the month. Several journal entries move reserves (capital and emergency) and note grant-funded project activity, which affects the district's fiscal capacity for the coming school year.
Next steps: these financial items appear in the packet for review at the Aug. 19 meeting; routine approvals and any board questions typically follow the Treasurer and Board Secretary presentations.
