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School treasurer reports $13 million in education funds, warns of potential state cuts and protects $12 million rainy-day fund
Summary
At the March 11 Greater Clark County Schools board meeting, Laura Huberger presented the district's major fund monitoring report showing a combined education fund balance of about $13.0 million and described plans to protect a $12.0 million rainy-day reserve while warning of state funding proposals that could reduce local revenue.
Laura Huberger, presenting the treasurer's report at the Greater Clark County Schools Board of Trustees meeting on March 11, said the district ended January with a combined education fund balance of about $13,000,071 and that she will protect a $12,000,000 rainy-day fund.
The report, Huberger said, reflects a statutory requirement to combine textbook rental revenue with the education fund; the treasurer's materials show roughly $4 million incorporated into the fund for textbook rental. "Money in the classroom, that mission will not change no matter what the influences that we're facing," Huberger said, summing the district's fiscal priorities.
Huberger gave month-end figures: an education-fund cash balance of about $9.3 million and an additional roughly $3.7 million reported separately in the treasurer's materials,…
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