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District finance staff brief board: projected $10.3 million drawdown in fund balance for 2025
Summary
Finance staff presented an overview of revenue, expenditures and fund-balance changes through fiscal 2025, reporting an approximate $10.3 million drawdown in fund balance and explaining salary and benefit increases and ESSER transitions as primary drivers.
District finance staff briefed the board on the general-fund outlook and drivers behind a projected drawdown in fund balance for the fiscal year ending 2025. CFO/Treasurer staff reported a projected total fund balance near $35.6 million, a $10.3 million reduction from the prior year, and noted continued pressure from rising contract salaries and benefits. Staff highlighted the…
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