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Oak Grove SD 68 reports $10.24 million in cash reserves, revenues up in July
Summary
Business manager Jason Udstuen told the board the district ended July with cash reserves just under $10,236,401, with revenues up $168,411 year‑over‑year and expenditures down $221,393 for the month.
Jason Udstuen, the district business official who presented the Finance Committee update, told the committee the district "ended July with Cash reserves of just under $10,236,401." He said July revenues were up $168,411 compared with the prior year and that total expenditures this month were down $221,393 from last July.
Udstuen also reviewed student activity and imprest accounts and noted recent card charges: "There were nearly $24K in American Express charges" related to usual school supplies and district bills and about $1,300 in Costco VISA charges, mainly operations and maintenance expenses for the time of year. The Business Office calendar has been reviewed and the district is described as up to date on routine fiscal reporting.
