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Janesville committee reviews fiscal-year-to-date financials, highlights major interfund transfers
Summary
CFO McCray presented June fiscal-year-to-date financials showing planned transfers from the general fund to special education and capital funds and a larger-than-budgeted net positive year-end variance; committee discussed placing the report in the board consent packet.
CFO McCray presented the school district's final unaudited June financials and told the Finance, Buildings and Grounds Committee that the district recorded several planned interfund transfers and ended the fiscal year with revenues modestly outpacing expenditures.
McCray said the packet shows a transfer “just over $12,000,000” from Fund 10 to Fund 27 to support special education and a transfer of about $1,160,000 from Fund 10 to Fund 46 for long‑term capital maintenance. He also reported a transfer into…
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