Sweet Home SD 55 staff report modest year-to-date spending increase, say cash flow is stable

At the August 10 meeting, the staff member presenting the budget said the district is one month into the new fiscal year and year-to-date spending is up roughly $15,581 compared with the same time last year. The presenter attributed the increase primarily to higher charter school payments and labor costs, partially offset by lower supply and material spending and timing differences such as last year’s bus fuel purchase.

"If you compare year to compare year to date spending this year compared to the same time last year, we are up, about $15,581," the staff member said, adding that the district expects its final payment for the prior fiscal year in May and the first payment for the new fiscal year in July and that cash flow is in good shape. Board members asked procedural questions and accepted the report; no formal budget action or amendment was taken at the meeting.