June 2022 Cover Sheet.pdf

Lori Schreiber, Treasurer Brian Freeman, Assistant Superintendent for Business

❏ June is a very low general fund revenue month ❏ Short term borrowing for capital project helps offset all the transfers that have supported the capital fund throughout the year ❏ Did see an increase in Medicaid revenue to end the year ❏ Awaiting final claims for school lunch reimbursement ❏ Federal fund revenues will be realized when final grant reports are approved by the state, they then send the final payments Appropriations: ❏ Jump in instructional costs for the month due to 10 month balloon payments ❏ Energy costs continue an upward trend on cost ❏ Final debt payment made in June every year ❏ Food costs jumped in the month of June due to catering costs ❏ Capital expenditures higher as construction ramps up Cash Flow: ❏ Cash flow reduces as we head into the summer months Miscellaneous: ❏ Interest rates beginning to climb, US Treasury Bills the best rate at this time ❏ Final Reserve allocations added to the June fund balance report