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Board designates $100,000 as committed fund balance for future turf-field replacement
Summary
Marshall Public Schools voted to designate $100,000 from the general fund as a committed fund balance specifically for future replacement of the district’s turf football field, following state accounting rules and board policy; the board will revisit the designation annually.
The Marshall Public Schools Board of Education on July 21 approved a resolution designating $100,000 from the general fund as a committed fund balance to be used only for replacing the district turf football field.
Superintendent Rebecca Jones and staff told trustees that the artificial turf is expected to last about 15 years and that a future replacement cost is estimated at…
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