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Finance director outlines amended budget; transportation expenses drove largest midyear increases
Summary
Ball Chatham CUSD 5's finance director presented an amended budget that moves bond referendum proceeds between funds and reflects higher-than-expected transportation expenses driven by bus driver health insurance, 19 new buses and increased special-education busing costs.
Wendy Malakis, the district's finance director, presented the proposed amended budget at the Ball Chatham CUSD 5 board meeting on May 28 and described changes across multiple funds.
Malakis said the district will amend five funds overall, though only two increases were driven by rising expenses. The others reflect movement of bond referendum proceeds into working cash, operations and maintenance and then capital projects — a bookkeeping flow the administration said is required before funds can be spent on capital projects.
Transportation was the primary driver of expense growth in the amended budget. Malakis told the board that the district decided midyear…
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