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School board reviews November financials showing about $60 million in cash, modest net income
Summary
At its meeting the Calhoun County School Board heard a November financial report from Mr. Godwin that showed roughly $60 million in cash and cash equivalents, $137,000 in net income for the fiscal year to date, and reserves near five months.
Mr. Godwin presented the district's November financial statements and summarized key balances and year-to-date results. "Attached our financials for the month of November 2025 with a balance sheet, reflecting cash and cash equivalents, right at $60,000,000," he said, and reported net income of $137,000 for the current fiscal year.
Godwin told the board general-fund revenues are at about 9.5% of the annual budget for the second month of the fiscal year and noted that property-tax receipts coming in December and January typically improve the revenue picture. He also said the district shows a net unrealized gain of $683,000 and that the Fidelity Treasury account reflects income of $313,000 for the year. "Accounts payable checks totaled, $2,500,000 for the month of November and payroll was right at $7,000,000 for the month," he added.
Board members asked no substantive follow-up questions during the presentation and the chair moved on to other agenda items. The financial packet included comparative exhibits showing revenues and expenditures versus the original budget and an operations report by major fund. No formal direction or follow-up assignments were recorded during the meeting.
