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Finance committee: November financials show just under $13.7M in cash reserves
Summary
Oak Grove School District 68 finance committee reviewed November financials Dec. 11, reporting cash reserves of just under $13.7 million, $323,000 in monthly revenues and $1.6 million in expenditures (down ~$400K year-to-date). Presenter Jason Udstuen walked the committee through account-level charges and activity accounts.
The Oak Grove School District 68 Finance Committee reviewed the district's November financial statements at a brief meeting on Dec. 11, 2025. Jason Udstuen, the meeting presenter, told the committee that "The District ended the month with cash reserves of just under $13.7M." He reported monthly revenues of about $323,000 and total expenditures of approximately $1.6 million, a decline of roughly $400,000 year-to-date compared with the prior year.
Udstuen also reviewed activity- and IMPREST-account status and account-level card charges. He reported there were about $17,000 in American Express charges (mostly school supplies and district bills) and roughly $3,700 in Costco VISA charges (primarily operations & maintenance, extended-day and cafeteria supplies). Committee members asked clarifying questions but made no formal motions related to the financial reports during the meeting.
