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District finance staff explain temporary fund-balance drop as levy-timing issue
3065619 · March 25, 2025
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Summary
Board members questioned a roughly $2 million drop in fund balance; finance staff said property-tax levy receipts are cyclical and a roughly $4.5 million levy collection expected in April will reverse the shortfall.
Board members asked for clarification after the district's February budget-status report showed about a $2 million reduction in fund balance; finance staff said the decline is a timing issue tied to levy collections.
"This time of year, we have not received our property taxes or our levy taxes from the state. We won't receive that till April,"…
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