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Board approves $400,000 deposit to capital improvement trust (Fund 46) to pre‑fund future projects
Summary
The board voted to deposit $400,000 into the district's Fund 46 capital improvement trust to save for long-range capital projects and reduce the need for single-year large expenditures that could affect state aid calculations.
The Germantown School District Board on July 15 voted to deposit $400,000 into its Fund 46 capital improvement trust, a vehicle the district uses to accumulate funds for long-range capital projects. The finance committee presented background on Fund 46 and the way the state treats deposits and large capital expenditures. The committee explained the account allows districts to spread savings over multiple years rather than record a single large capital purchase that could reduce state aid in future years. The…
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