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Finance committee: SAISD reports near‑complete revenue collection, $51.5M unrestricted balance and bond prefunding savings
Summary
District finance staff reported August financials showing revenues at about 99.4% and expenditures at about 95.4% for the budget cycle; unrestricted funds were reported near $51.5 million and staff said bond prefunding preserved about $80 million in value the state will hold harmless.
San Angelo ISD finance staff reviewed the district’s August financial statements and investment report with the board Tuesday, saying revenues for the budget cycle have reached roughly 99.4% and expenditures sit at about 95.4% as the district closes out the year.
During the finance and audit committee workshop, staff reported restricted fund balance at approximately…
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