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School Cash Grew $1.1M YOY

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    Posted: Jul 31 2018 at 11:22am
Finance - Mrs. Stone reported that revenues increased faster than expenses in FY 2018, because it was the year of reappraisal and property values increased as a result. Overall, expenses were even last year; we spent one million dollars demolishing the old high school and this year we did not. She said that we don’t expect this trend in future years. But, this year our cash balance grew by $1,100,000 increasing our cash at year end. She said that we can’t count on this every year, and we will be careful in spending, especially since our enrollment is growing and we will need resources to accommodate new students.

Source: 
REGULAR MEETING
OF THE MONROE LOCAL SCHOOL DISTRICT BOARD OF EDUCATION
JUNE 25, 2018

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Monroe News Quote  Post ReplyReply Direct Link To This Post Posted: Jul 31 2018 at 11:31am
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Monroe News Quote  Post ReplyReply Direct Link To This Post Posted: Jul 31 2018 at 11:35am
Monthly Cashflow for FY 2018 through June 30, 2018.

School Management Assistance Annual Spending Plan: SM2M Report for June 30, 2018
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