MT. VERNON - Mt. Vernon Township High School holds a total cash balance of more than $7.5 million as of Jan. 31, according to Treasurer Angela Brentlinger.
She said during the Treasurer's Report at Tuesday's MVTHS Board meeting that for the month, the district's beginning checking balance was $5,879,288.
Brentlinger said the district saw a revenue of $1.9 million and expenditures of about $1.1 million, with no transfers, for an ending checking balance of more than $6.7 million.
"Ending savings and investments were $872,504.55, and total cash balance as of Jan. 31, 2012, was $7,596,659.76," she said.
She said the bills included PCard procurements of $12,883 and a payroll of $828,328.
"This included an amount of $32,568.89 for compensation above contracted amounts for February," she said.
The district's total outstanding liabilities are just under $1 million, Brentlinger said, bringing the district's total unencumbered fund balance to about $6.6 million.
Brentlinger said the district's Activity Fund beginning balance was $187,423, with revenues of $20,256 and expenditures of $31,121, bringing an ending balance of $176,557.
MVTHS Board Chairman Carl Miller said the school board and finance committee heard a presentation from Tim King, of King Financial Service, regarding him helping the district with the financing of its building project.
In other business, the board:
Approved the recommendation for employment of Jared Kessler and Shelby Campbell as girls assistant track coaches, Krystal Nowak as head art department teacher and Michael Field as a temporary custodian, and;Accepted the resignations of Mary Fields as cook and Hannah Rogers as head teacher in the art department. - http://goo.gl/BWzda
