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Granite Falls projects positive fund balance after conditional state awards, business manager says
Summary
Business manager Marshall Cruz told the board the district is on track for a 5% fund balance after being conditionally awarded roughly $2 million (noting $1.61 million for high-needs and $383,000 for community impact), and discussed special-education funding changes that should smooth revenue timing.
Marshall Cruz, the district’s business/operations lead, told the Granite Falls School Board on June 25 that the district is on track to meet its 5% fund-balance goal and may finish the fiscal year with slightly higher reserves.
Cruz said the district was “conditionally awarded” a little over $2 million: he cited $1,610,000 for high-needs and $383,000 for…
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