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STEAMBOAT SPRINGS EDUCATION FUND
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FINANCIAL REPORT
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September 17, 2024
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Current Cash Position:
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June 30, 2024 Cash Accounts
$2,441,849.32
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Sales Tax Deposits (July, August and September)
 1,515,243.51
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Earnings
26,310.72
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Grants Paid
(1,617,755.82)
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Other Expense
(17,867.77)
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September 17, 2024 Cash Accounts
$2,347,779.96
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Cash on hand 1 yr ago
$4,154,307.56
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Change in Past Year
($1,806,527.60)
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Projections for the Fiscal Year Based on Forecast (cash-basis):
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Forecasted Sales Tax Deposits Remaining through June 2025 (see next page)
$4,754,561.00
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Current Cash/CD's (see above)
 2,347,779.96
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Forecasted Cash Available for Fiscal Year
$7,102,340.96
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Total Approved / Not Yet Incurred Grants (Current & Prior Years) (see below)
($6,688,813.35)
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Forecasted Available Cash @ June 30, 2025
 $ 413,527.61
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Forecasted cash at 6/30/25 if adjusted to 6-month error rate (see page 3)
$1,074,936.47
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Total Approved/Not Yet Paid Grants:
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Current Year Grant Authorization (including Admin Expenses)
 $ 6,682,766.00
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Current Year Grants Incurred
 -
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Current Year Admin Expenses Incurred
 (17,867.77)
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Outstanding Liabilities (accrual basis) $ 6,664,898.23
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Prior Year Grant Authorization (including Admin Expenses)
 $ 6,505,219.00
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Prior Year Grants Incurred
 (6,453,363.37)
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Prior Year Admin Expenses Incurred
(27,940.51)
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Amounts Rescinded
 -
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Outstanding Liabilities (accrual basis) $ 23,915.12
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Total Approved/Not Yet Incurred Grants (Current & Prior Years)
 $ 6,688,813.35
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Possible Rescissions:
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Prior Year $ 23,915.12
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Current Year $ -
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