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Board approves updated five‑year forecast; treasurer flags severance and construction appropriations
Summary
The board voted to approve the district's updated five‑year financial forecast and passed appropriation amendments tied to construction and other expenditures; staff flagged severance payouts and large preconstruction purchase orders.
The Tipp City Exempted Village School District board approved an updated five‑year forecast and later approved appropriation amendments that reflect preconstruction commitments for the district’s building project and other budget adjustments.
In the treasurer’s report, district finance staff said the district’s current cash balance was “right at about a $100,000,000,” noting that much of that cash reflects bond proceeds for the construction project. The treasurer said the district has…
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