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Calhoun County Schools reports $46 million ending fund balance and healthy reserves
Summary
Business officer presented March 2026 statements showing $51 million in cash, $16.7 million in investments, net income $465,000, an unrealized gain of $500,000, and a general fund ending balance of $46 million (about five months of reserves).
Mr. Godwin presented the district’s financial statements for March 2026, describing account balances, revenue pacing and reserves. He reported that cash and cash equivalents total $51,000,000 and investments and related receivables totaled $16,700,000 (cost basis).
"Attached and presented are the financial statements and reports for the month of March 2026 with a balance sheet, showing cash and cash equivalents, 51,000,000," Mr. Godwin said. He noted net income of $465,000 for the year, an unrealized gain of about $500,000 and that general fund revenues were at 54% of budget midyear. Mr. Godwin said the general fund ending balance through March was $46,000,000, which equates to just shy of five months reserve. He also reported accounts payable checks for March totaled $3,000,000 and payroll and benefits totaled $7,000,000.
Board members did not take action on the report beyond accepting it for the record; chair thanked Mr. Godwin for the presentation.
