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District CFO reports state apportionment, insurance spike and early enrollment dip; special-ed funding sought at state level
Summary
At the Lake Pend Oreille School District board meeting Sept. 9, CFO Brian Wallace said the district received its August state apportionment, reported an above-budget liability insurance bill, and flagged low kindergarten enrollment that could affect future funding; Superintendent submitted a special-education funding request to the governor.
The Lake Pend Oreille School District on Sept. 9 heard a financial update from Chief Financial Officer Brian Wallace that highlighted a large state apportionment payment, a higher-than-expected liability insurance bill and early-year enrollment dips that could affect long‑term funding.
Wallace told the Board of Trustees the district received an estimated state apportionment payment in August of about $15,000,000, roughly half the dollars the district expects from the state in total for the year. He said that front‑loading of state payments helped cash flow for the start of the school year.
The nut of the report was that, while August receipts improve short‑term cash flow, some…
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