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Oak Grove SD 68 finance committee: August cash reserves near $9.5M; revenues $382K, monthly spending $1.1M
Summary
At the Sept. 11 Finance Committee meeting, the district reported August cash reserves of just under $9.5 million, $382,000 in monthly revenues and $1.1 million in expenditures — $52,000 higher than the prior year; no board actions were taken.
At a Sept. 11 Finance Committee meeting, Jason Udstuen reviewed the district’s September financial materials and told the committee the district ended August with "Cash reserves of just under $___9.5M______________." He also reported monthly revenues of $382,000 and total expenditures of $1.1 million for the month.
Udstuen told committee members the $1.1 million in spending represented an increase of about $52,000 compared with the prior year. He also reviewed student activity and IMPREST accounts and summarized district accounts for June as part of the overview.
Committee members briefly noted routine credit-card activity: roughly $24,000 in American Express charges for school supplies and district bills and about $3,000 in Costco Visa charges largely for operations, extended-day and cafeteria supplies. No funding decisions were made at the meeting; the committee adjourned at 9:02 a.m.
