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Oak Grove SD 68 reviews finances; January cash reserves cited at just under $11 million
Summary
The district's finance committee reported cash reserves of just under $11 million as of January, monthly revenues of $8.7 million, and $4.0 million in expenditures for the month — an increase of $2.2 million from the prior year. Committee members also reviewed routine card charges and accounts payable.
The Oak Grove School District 68 Committee of the Whole reviewed the Business Office calendar and monthly financial statements at its July 22 meeting. Jason Udstuen (CSBO) told the board that "The District ended January with Cash reserves of just under $11M," and that the district recorded $8.7 million in revenues for the month and $4.0 million in total expenditures, an increase of $2.2 million compared with the prior year.
Udstuen also reviewed student activity and imprest accounts and June district account activity, and flagged $46,000 in American Express charges and about $3,000 in Costco VISA charges as routine purchases for supplies and operations. Board members and administration discussed accounts payable items including transportation, energy, special education tuition, communications consulting and psychology services.
The finance update was presented as information; no formal financial actions or votes were taken at the Committee meeting. The board approved the minutes of the meeting at its August 12, 2025 meeting.
