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Treasurer reports improved balances but flags multi-year debt-service swing; board reviews ESEA title carryovers and potential federal cuts
Summary
The district treasurer told the board that balances appear improved but that debt-service timing may produce a three-year swing; staff also reviewed ESEA (Title I/II/IV) allocations, carryover and contingency planning for possible federal cuts. The board approved the treasurer's report and discussed holding a Title-funded position open pending
The Camdenton R-III School District treasurer reported to the board on May 12 that overall balances are up but that timing in the debt-service account will likely produce a multi-year swing requiring planning.
In the meeting the treasurer said the top-line balance was up $3,756,916 but explained that funds are distributed across accounts: “our funds 1 and 2 combined are up about $489,000 and our fund 4 is, 3,813,000,” while the debt-service account had declined about $500,000 compared…
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