Watertown School District Reviews October Financials; Capital Outlay Prepares for AC Projects
- Steve Jurrens
- Nov 10
- 2 min read
Northeast Radio SD News - Watertown, SD - The Watertown School Board received its October 2025 financial report from Business Manager Heidi Clausen, detailing revenue streams, expenditures, and cash balances across the district's primary funds. The report highlighted the typical seasonal ebb of cash balances and significant progress on capital projects.
General Fund…
· Revenue: The General Fund generated approximately $1.4 million in October. This total included property tax collections, state aid, and just over $58,000 in federal Title I funds.
· Interest Income: The district also received a notable $72,000 in interest income from its first-quarter investments.
· Cash Balance: The month ended with a cash balance of $4.5 million. Clausen noted this is a seasonal low point, as balances are expected to increase significantly in November, when the second half of property tax receipts are collected.
Capital Outlay and Future Projects
The Capital Outlay Fund saw significant activity related to ongoing infrastructure plans:
· Expenditures: Expenses totaled about $538,000, which included final payments related to the athletic complex.
· Future Focus: The fund's current cash balance of $746,000 is positioning the district for upcoming air conditioning projects. The balance is expected to rise next month with the anticipated November tax receipts.
Lake Area Technical College (LATC) Update
LATC reported a strong financial position for October:
· Total Revenue: Revenue was just over $1 million. This included $529,000 from tuition and $518,000 from other revenue sources, notably a contribution from Sanford for the surgical technology program.
· Cash Position: LATC ended the month with a strong cash balance of $7.5 million, a figure higher than the balance recorded at the same time last year.
· Expenditures: Expenses included insurance-related equipment purchases and continued work on the archway project.
Other Financial Notes
· Employee Benefit Trust: Claims and administrative costs were slightly higher than the premiums collected for the month. The new premium rates, which began in September, are now being factored in, and the district will continue monitoring the claims-to-premiums ratio. Stop loss reimbursements are expected to help offset the higher claims seen this quarter.
· Other Funds: Funds for Educare, food service, preschool services, the LATC bookstore, and Arena concessions were reported to be steady and on track.
The board accepted the October financial report.
