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School district financial review: board hears February report, fund-balance strategy and budget outlook
Summary
Finance director presented February collections, expenditures, capital-project corrections and a multi-year fund-balance narrative; board heard that some revenues are variable and staff outlined principles to preserve credit rating and avoid relying on one-time surpluses for recurring costs.
The School District of Oconee County’s finance staff presented the board with the February financial report and an early look at next year’s budget development at the March 10 meeting. The presentation described recent cash collections, monthly expenditures and a fund‑balance reinvestment plan the district has followed since an anomalous surplus year.
Finance presenter Mr. Shickling said the district’s cash position included a large inflow in January (reported on the February statement) and that overall general‑fund receipts for the reporting window totaled about $41,093,000. He said routine monthly disbursements are roughly $10.5 million to $11 million, and that February expenditures were approximately $10.9 million. The presentation noted an error on the capital projects report — a misplaced parenthesis — and staff corrected a line, saying completed projects should…
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