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Finance committee reviews June financials; reserves near $11 million
Summary
Oak Grove School District 68 finance committee reviewed June financials on July 17, 2025, noting cash reserves just under $11 million, monthly revenues of $8.7 million and expenditures of $4.0 million, up $2.2 million versus the prior year.
The Oak Grove School District 68 Finance Committee met July 17, 2025, to review June financial statements and cash position. Board member Nuriddin Matthew Saratore called the meeting to order at 8:13 AM; Jason Udstuen led the financial review and reported that the district ended January with cash reserves just under $11 million, month revenues of $8.7 million and total monthly expenditures of $4.0 million, an increase of $2.2 million compared with the prior year.
Udstuen also summarized activity and IMPREST accounts and identified card charges for the month, including $46,000 in American Express charges for school supplies and district bills and $3,000 in Costco VISA charges primarily for operations and maintenance, extended day and cafeteria supplies. The committee had no public comment and adjourned at 9:04 AM after a motion by Nuriddin Matthew Saratore that was seconded by Laura Reutzel.
