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CFO presents cash‑flow analysis; seismic gym work near completion, district reports
Summary
New CFO Scott Pillar presented a monthly cash‑flow report projecting a roughly 9.6% ending general‑fund balance and described seismic gym repairs as on schedule; officials said beginning balance is slightly below budget but state school fund adjustments are expected to offset the gap.
Chief Financial Officer Scott Pillar presented a new monthly cash‑flow analysis to the board and described the district’s fiscal starting position and near‑term projections.
Pillar said preliminary July numbers show a beginning general‑fund balance of about $6.05 million, roughly $346,000 below the adopted budget projection of $6.40 million. He told the board the projection assumes prior‑year budget performance continues through the year and that an expected $1.2 million positive variance in state school fund revenue would largely offset the beginning shortfall. "That…
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