Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Calhoun County Schools report $51M cash, nearly five months of reserves
Summary
District finance staff reported cash and cash equivalents of $51,000,000 for March 2026, investments cost basis of $16.7M, net income of $465,000 year‑to‑date and an ending fund balance of $46,000,000 (about five months of reserves).
Mr. Godwin presented the March 2026 financial statements, saying the balance sheet shows “cash and cash equivalents, 51,000,000,” investments with a cost basis of $16,700,000 and year‑to‑date net income of $465,000.
He said general fund revenues are at roughly 54% through March while expenditures sit near 46% of the amended budget, noting a modest 4.6% increase in sales tax remittance and small increases in personal property remittances. The report showed an ending general fund balance of $46,000,000, which the presenter calculated as just shy of five months of reserve.
