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District reports fiscal-year surplus and flags enrollment uncertainty tied to new apartment developments
Summary
Finance staff reported a projected fiscal-year net positive of $288,565 driven by underspending on salaries and benefits, while warning of enrollment uncertainty tied to new apartment developments that could add roughly 200–250 students; an outside audit is scheduled for October.
District finance staff reported a positive change in the fiscal-year projections and warned trustees the coming year will pose budget challenges tied to enrollment uncertainty. Finance director Anna (surname not specified in the transcript) told the board preliminary numbers for the just-ended fiscal year showed revenues came in about $78,609 below projections but expenditures were roughly $367,261 lower than expected, producing a net positive variance of $288,565. The director described those figures as provisional: final journal entries, invoices and grant adjustments are…
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