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Washington County schools report $5.8M general fund balance; debt service shows large outflow
Summary
The district reported a General Fund balance of $5,807,833.91 as of July 31, 2024, capital outlay and state match receipts, and year-to-date debt service payments of $1,101,734.58. The Treasurer's Report presented the fund balances and period receipts and expenditures.
The Washington County Board of Education reviewed the Treasurer's Report for the period ending July 31, 2024 at its Aug. 22 meeting.
The minutes list the General Fund balance at $5,807,833.91. Other fund balances reported were Special Revenue Fund $562,040.31; District Activity $166,326.70; Student Activity $168,476.71; Capital Outlay $204,898.42; Building Fund $570,239.65; Construction Fund $5,269,556.68; Debt Service Fund $(1,101,734.58); Food Service Fund $993,967.36; Day Care Fund $725,605.92; Scholarship Fund $2,203.36.
The minutes state the General Fund received $670,762.70 in revenue and recorded $366,465.37 in expenditures for the period. Capital outlay receipts included $77,900.00 in capital outlay funding and $436,450.00 in state match FSPK funding. The Debt Service Fund listed year-to-date principal and interest payments totaling $1,101,734.58.
The Treasurer's Report was entered into the minutes but the presenter's name is not specified in the text; the item is listed under 'Treasurer's Report.
What happens next: the figures will be managed as part of the FY2025 budget process and reflected in routine financial reporting to the board.
