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Board accepts FY2025 financial reports; approves spending authority for $512,000 special-education deficit
Summary
The board reviewed treasurer and fund balance reports showing a $1.1 million general fund surplus and $9.2 million capital projects balance after a bond issuance, and approved a request for state spending authority for a roughly $512,000 special-education deficit; transportation costs were held flat despite an 18.5% per-route rate increase
The Ottumwa Community School District board accepted fiscal year 2025 financial reports and approved district staff’s request for spending authority to cover an estimated special-education deficit.
John (staff member) presented the treasurer’s report, telling the board the district’s general fund ended the year with an approximate surplus of $1,100,000 and a solvency measure of about 12 (the district cited a recommended range of 7 to 17). The capital projects fund rose from about $6.1 million to $9.2 million after a…
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