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Business administrator reports small year‑end balance; board approves CIP and student handbooks
Summary
The district closed the prior fiscal year with a $9,557.40 expenditure balance and $328,238.50 in unanticipated revenue; the board approved returning $137,795.90 to the city's general fund, ratified capital improvement submissions and approved student handbooks with a commitment to insert the new device policy.
The Summersville School Board received a year‑end financial report Aug. 26 from the district business administrator and approved several administrative items, including the capital improvement program (CIP) submission and district student handbooks.
Business Administrator Katie told the board the district closed the fiscal year with an expenditure balance of $9,557.40 and total unanticipated revenue of $328,238.50. "We are using 200,000 of that additional revenue to use as revenue into this fiscal year," she said, and the board will return $137,795.90 to the city's general…
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