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Board reviews May financials: assets, reserves and transportation staffing discussed
Summary
Trustees reviewed May financial reports showing about $40.5 million in assets, roughly $15.3 million in liabilities, near-complete FEFP receipts and transportation costs of about $2.4 million; trustees approved the financial report.
The Lake Wales Charter Schools board reviewed the district's May financial statements and approved the report at its June 16 meeting.
The board was told the district recorded roughly $40.48 million in assets and about $15.3 million in liabilities through May. Presenters said most state FEFP revenue expected for the year has been received, and that only small reconciliation items remain for June.
Expenditures through May stood at about $37.9 million. The presenter said the district was reporting approximately $7 million in…
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