Tuesday, September 06, 2022

Fund Balance For Oconee County Schools Grew To $48 Million in November Before Settling Back To $39 Million Near Year’s End

***Size Of Balance Seems To Exceed Board's Guidelines***

Oconee County Schools had a Fund Balance of more than $20 million every month from the beginning of the last fiscal year in July of 2021 through May of this year, the last month for which Oconee County Schools has been willing to release data.

In May, the Fund Balance was $39.5 million, $1.8 million lower than in April. April was $1.7 million lower than in March. The peak had been $48.4 million in November.