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District presents unaudited year‑end finances and notes change to evidence‑based funding tier
Summary
Finance staff presented unaudited fiscal-year results showing small variances against the budget, noted changes in revenue mix (local/state/federal), and reported that the district moved from Tier 1 to Tier 2 in state evidence‑based funding projections, prompting planning for budget adjustments.
District 202’s finance team presented unaudited year‑end financials to the Board’s site and finance committee on Aug. 20, reporting overall revenues and expenditures close to budget but flagging an evidence‑based funding (EBF) tier change that will reduce expected state revenue next year.
Finance staff said year‑to‑date revenue was about $451 million (unaudited) with a favorable variance of $4.6 million. Local sources were reported at $261.7 million (favorable $3.7 million), state revenue about $152 million…
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