2021-22 Fiscal Year Treasurer’s Report For the Month Ending May 31, 2022
Lori Schreiber, Treasurer Brian Freeman, Assistant Superintendent for Business
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Executive Summary
❏ 3rd quarter sales tax beating budget expectations ❏ One general state aid payment ❏ Minimal other general fund revenues ❏ School lunch did receive an extra payment for supply chain issues from the USDA ($161,026) ❏ Capital fund revenues are transfers from other funds until June/July short term borrowing ❏ Federal fund revenues 100% continuing education programs, no grant reimbursements Appropriations: ❏ General fund expenditures saw a jump in utility costs ❏ School lunch expenditures saw food purchases come down as we wind down inventory ❏ Capital fund expenditures minimal due to payment application processing timing from contractors ❏ Federal fund has limited spending activity Cash Flow: ❏ Small reduction in cash flow due to lower revenues for the month Miscellaneous: ❏ Interest rates beginning to climb, US Treasury Bills the best rate at this time
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