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Finance committee reviews February monthly financials; administration to run budget projections and return with revisions
Summary
The Business Operations and Finance Committee reviewed February 2025 financials, discussed cash and investment timing, property tax timing and OPEB trust details, and voted to forward the monthly financial reporting to the full board for consideration.
The Beloit School District Business Operations and Finance Committee reviewed the district’s monthly financial reports (as of February 2025) on April 1 and voted to refer the financial reporting packet to the full board.
Finance staff (identified in the meeting as Miss Elwood) presented highlights: a PMA investment matured in March and produced $51,000 in interest (reported in March, not in February results); the district plans to reinvest about $4,000,000 through June, expected to generate roughly $40,000 in additional interest, administration said. The presentation noted that most district revenue arrives in the form of state…
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