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Board hears $48,006.70 year-end balance; staff explains how that will affect tax-rate calculation and confirms sign paid from current budget
Summary
Finance staff reported an ending balance of $48,006.70—higher than earlier projections—and explained that the surplus will be considered when the district determines the tax rate; board also confirmed a recently purchased sign was paid from this year’s budget.
At the Sept. 8 meeting East Kingston finance staff reported a final year-end balance of $48,006.70, higher than the district’s previously reported projected unbalance. Administrators explained how that balance will be applied in the tax-rate calculation and confirmed a new sign purchase was funded from the current school-year budget. Why it matters: The ending balance will…
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