March 2022 Executive Summary.pdf

Lori Schreiber, Treasurer Brian Freeman, Assistant Superintendent for Business

❏ March is a very large state aid month ❏ End of state fiscal year ❏ Receive a bulk of our aid on March 30 ❏ Facility rentals from aquatic events in January and February ❏ Small amount of state lunch and breakfast reimbursements in school lunch ❏ Capital fund revenues are transfers from other funds ❏ First Federal grant for CRSSA has arrived (9 months after grant submittal) ❏ Registrations for continuing education programs continue to outpace last year

❏ All general fund expenses are in line with an average month except utilities have begun to creep up ❏ School lunch food costs are increasing. Trying to source available products through any and all vendors, some commodities are pricing higher than others. ❏ Capital fund expenditures still in a lull for winter time with minimal work being done, except site work at Transportation has been able to begin and internal mechanical work at Willink ❏ Grant expenditures are minimally expensed for this month. Majority of expenditures are continuing education programs. Cash Flow: ❏ Increased due to more state aid arriving Miscellaneous: ❏ New T-Bills purchased for investment ❏ Rates beginning to climb and rebound from historically lows ❏ Will continue to see more movement in the following months