Schools
VIEW: Shaker Heights School District's Financial Report
The district has a cash balance of $23.51 million
Shaker Heights School District Treasurer Bryan Christman issued the school system's year-end financial report at the Board of Education's most recent work session.
The district's total general fund revenue finished at $88.68 million. That figure is about $580,000 less than budgeted and $510,000 more than last year.
The report shows that has a cash balance of $23.51 million. The district said $3.2 million, or 5.2 percent, more in real estate tax collections helped offset lower state aid.
Shaker Schools spent $86.98 million during the fiscal year that ended on June 30. That's $4.42 million less than the district budgeted and $1.79 million less than 2011.
Be sure to view the entire report by clicking 'PDF' to the right.
Follow Shaker Heights Patch on Twitter and 'Like' us on Facebook!
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.