Cheney School District hears financial update

CHENEY – Despite uncertainties with the economy, the Cheney School District’s ending fund balance has remained relatively stable.

While tracking less than it did in 2017-2018 and 2018-2019 beginning in February and running through April, the reserve cash fund needed to help pay operating costs is still above $3 million — a level it might approach at the end of this month. But after dipping to just over $4.5 million in March at the beginning of the COVID-19 school closures and economic shutdowns, the fund saw a resurgence in April to just over $6.61 million thanks to property tax collections.

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