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Finance report: district posts revenue amendment, outlines capital and bond project priorities
Summary
District finance staff presented a budget amendment increasing revenue and outlined capital priorities including bus fleet status, cafeteria tables, parking-lot repairs and HVAC projects; staff also warned preliminary self-insurance data could require a significant benefits increase.
District finance and operations staff presented the board with updated budget information, a recommended budget calendar and a prioritized list of capital and bond projects during the March 20 meeting.
Finance staff reported an increase in projected revenue captured in a budget amendment (presented to the board during the meeting) and said most of that increase was local and attributable primarily to investment income. Staff noted a substantial increase in bond-related expenditures to align with approvals made earlier in the fiscal year and displayed the monthly bond financial postings the district provides to the board.
Staff called attention to self-insurance trends and advised the board of preliminary information from Marsh & McLennan indicating benefits…
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