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Finance report: district cash up from last year but federal funds delayed; SPLOST timing clarified
Summary
Mr. Larry Hammel presented the district’s June 2025 financial statements on July 15, reporting a year‑over‑year higher cash position but warning that delayed federal transfers require the district to carry certain program costs until funds arrive.
Mr. Larry Hammel presented the district’s June 2025 financial statements to the Board of Education on July 15, reporting a higher cash position than a year earlier but noting near‑term pressure from delayed federal funds and explaining the timetable for SPLOST planning.
The financial update matters because cash flow and federal grant timing affect the district’s ability to pay ongoing programs through September and determine whether the district must carry expenditures until federal transfers arrive.
Hammel said the district began the month with about $210 million and ended June with…
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