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Finance director reports improved fund balances, $3 million MFP reduction and $3.3 million sales‑tax uptick
Summary
The finance director told the committee the district expects several funds to end FY25 with surpluses, reported a $3 million cut to Minimum Foundation Program (MFP) funding due to enrollment declines and said sales tax receipts are $3.3 million above last year to date.
The district's financial report to the Saint Tammany Parish School Board finance committee on July 10 showed several positive year‑end trends and notable offsets to projected deficits.
The finance director reported that food services will close fiscal 2025 with a fund balance of “over half a million dollars.” The district’s self‑insured health insurance fund is projected to finish…
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