KASB releases report on district cash balancesScott Rothschild
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.