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Finance report: revenues slightly down, bond cash balance remains about $21 million
Summary
District finance staff reported year‑to‑date revenues are down compared with the prior year largely because of timing of early childhood special education payments; operational fund balance is slightly lower this year and the bond fund cash on hand was reported at $21,000,000.
A district finance presenter gave the board a routine monthly financial update, saying revenue is modestly down year‑to‑date primarily because the prior year had an early payment for early childhood special education. The presenter said expenses are higher this year because of salary increases tied to recently passed…
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