Board reviews March financial report showing cash timing effects of property‑tax draw
April 29, 2026 | Marion Community Schools, School Boards, Indiana
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Kyle O'Meely, providing the district business update, briefed the board on March fund activity and key performance indicators.
He said Education Fund appropriations total $29,174,015 and monthly spending for March was $2,346,721, leaving year‑to‑date expenditures of $7,978,650 (about 27.3% of appropriations). O’Meely said Operations Fund appropriations are $12,164,004.26 and year‑to‑date spending is roughly 29.26% of appropriations; he explained those percentages exceed a straight 25% pacing primarily because property‑tax draws arrive only twice a year and the district has not yet received its June tax draw.
O’Meely reported beginning cash of $23,591,181, receipts of $17,034,982 and total expenditures of $19,000,643.04. He said the district’s ending cash was approximately $20,000,009.82 and pointed to a notable improvement in the self‑insurance fund (Fund 110) that moved roughly $1,000,001.88 in under three months.
Board members asked clarifying questions and were reminded that some funds reported include Title I and Title IV grants and therefore do not reflect only education and operations balances. O’Meely flagged transportation and technology services as categories currently under budget and noted legal services were unusually low that month, improving operations results.
No formal action was taken on the report.
He said Education Fund appropriations total $29,174,015 and monthly spending for March was $2,346,721, leaving year‑to‑date expenditures of $7,978,650 (about 27.3% of appropriations). O’Meely said Operations Fund appropriations are $12,164,004.26 and year‑to‑date spending is roughly 29.26% of appropriations; he explained those percentages exceed a straight 25% pacing primarily because property‑tax draws arrive only twice a year and the district has not yet received its June tax draw.
O’Meely reported beginning cash of $23,591,181, receipts of $17,034,982 and total expenditures of $19,000,643.04. He said the district’s ending cash was approximately $20,000,009.82 and pointed to a notable improvement in the self‑insurance fund (Fund 110) that moved roughly $1,000,001.88 in under three months.
Board members asked clarifying questions and were reminded that some funds reported include Title I and Title IV grants and therefore do not reflect only education and operations balances. O’Meely flagged transportation and technology services as categories currently under budget and noted legal services were unusually low that month, improving operations results.
No formal action was taken on the report.
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