Cheney School District hears financial update
Last updated 6/11/2020 at 7:23pm
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 colle...