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Oak Grove SD 68 reports just under $14.3M in cash reserves after September
Summary
Business Manager Kelly Quaid told the Committee of the Whole on Oct. 21 that the district ended September with nearly $14.3 million in cash reserves; monthly revenues were $6.6M and expenditures $1.6M, down $99,000 from last year.
Kelly Quaid, the district's business manager, presented the Finance Committee update at the Oak Grove School District 68 Committee of the Whole meeting on Oct. 21, saying the district ended September with cash reserves of just under $14.3 million. She reported monthly revenues of $6.6 million and total expenditures of $1.6 million for the month, a decline of $99,000 compared with the prior year.
Quaid also itemized recent card charges and routine expenses: $15,000 in American Express charges for school supplies and district bills and about $4,000 in Costco Visa charges for O&M supplies, extended day and cafeteria items. Jason Udstuen reviewed accounts payable and noted the usual expenditures for transportation, energy, special education tuition, communication consulting and psychology services. The finance update emphasized the district's current reserve level and ongoing monitoring of expenditures as staff prepare for the remainder of the fiscal year.
