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Board authorizes transfers for new middle school project and outlines FY25 closeout and FY26 risks
Summary
The Concord School District Board on June 25 approved transfers from the facilities and renovation trust fund to cover capital spending on the new middle school and adopted an official intent to reimburse preliminary project costs from future borrowing.
The Concord School District Board on June 25 approved multiple finance actions related to the new middle school project and the district’s year‑end budget. The board authorized a transfer from the facilities and renovation expendable trust fund to cover capital expenditures for the new middle school and adopted a declaration of official intent to reimburse certain project expenditures from future bond proceeds.
Specifically, the board approved a motion to transfer funds from the facilities and renovation trust fund to restore cash spent from the capital account up to…
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