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Oak Grove SD 68 finance committee reports nearly $11.1 million in cash reserves after May review
Summary
At its July 9, 2026 Finance Committee meeting, Oak Grove School District 68 reviewed May financials: cash reserves reported just under $11.1 million, $9 million in monthly revenue, and $3.8 million in expenditures; the committee noted a $190,000 year-to-date decrease versus the prior year.
The Oak Grove School District 68 Finance Committee reviewed the district’s May financial statements at a meeting on July 9, 2026, with committee member Jason Udstuen presenting the monthly report. Udstuen reported that the district ended the month with cash reserves of "just under $11.1M," revenues of $9 million for the month, and total expenditures of $3.8 million for the month.
Udstuen told the committee the district’s expenditures for the month were down about $190,000 year-to-date compared with the prior year. He also reviewed student activity and imprest accounts and walked the committee through card charges that month, saying there were $18.2K in American Express charges mainly for school supplies and district bills and $3.8K in Costco charges primarily for operations, extended day and cafeteria supplies. The minutes do not include further breakdowns of those charges or projected impacts on future months.
