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Iowa City CSD finance director reports healthy capital balances, $6.9M projected unspent operating budget for FY25
Summary
The district’s quarterly financial report showed SAVE and PEPL capital funds in healthy positions and a projected unspent general fund balance of about $6.9 million for fiscal year 2025. Staff flagged assumptions on enrollment decline and low SSA growth used in the forecast.
The Iowa City Community School District presented its third‑quarter financial report at the June 10 board meeting, showing capital reserves sufficient to support upcoming facilities work and a projected unspent operating balance of roughly $6.9 million for fiscal year 2025.
Finance Director Adam (last name not provided) told the board the cash‑basis report explains why receipts often lag expenditures because many revenues arrive as later reimbursements. He drew attention to two capital funds: SAVE, with a Q3 balance of about $12 million, and PEPL with about $17.2 million; both will fluctuate as…
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