| |
| |
|
|
3/4/2010 12:00 AMKen Haggerty, Cannon Falls Beacon Randolph School District business manager Regina Wernimont reported at the February 16 board meeting that cash flow is hurting and will only become worse in March and April. Wernimont said the district already cashed in one CD to meet a bond payment, and will probably have to cash in another two CDs to meet payroll and other obligations in March and April. The State is withholding over $400,000 in scheduled payments to the school district in March and April so it can meet its own cash flow obligations. The State had also previously shifted additional payments scheduled for 2009-10 to 2010-11. The District had solid reserves in place (as suggested by the State and auditors) that the State is now taking advantage of to help balance its books. http://cannonfalls.com/main.asp?SectionID=2&SubSectionID=2&ArticleID=18333 | |||||||||||||||||||||
Helping parents have a voice at the places where school policy and funding decisions are made. | ||||||||||||||||||||||