KASB releases report on district cash balances

KASB has released a new report providing updated information on school district cash balances. The information is available on the Tallman Education report blog and the KASB Key Resources Page. Here is a link to a PDF file of the report. 

Key findings include: 

  • Most school district balances are in restricted funds, not general operating funds. 
  • Cash balances in general operating funds have remained at about the same percentage of operating budgets. 
  • School district cash balances are within the range recommended by the Governmental Finance Officers Association and are comparable to the state’s ending balance and borrowing from other funds. 
  • School district balances fluctuate during the year, based on different monthly revenues and expenses. 

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