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District finance chief warns of federal funding risk, reports stabilized cash flow
Summary
Assistant Superintendent Jake Cooper told the board the district's cash flow is stabilizing after prior shortfalls but warned proposed federal budget cuts could reduce federal revenues by $3 million and that the district's already-reserved hedge may not cover all federal declines.
Assistant Superintendent for Finance Jake Cooper briefed the Yakima School District board on May 20 about the district's fiscal status and potential federal funding headwinds.
Lede: Cooper said cash flow is "above projection" and that internal budget estimates have tracked closely to actuals, but he warned that proposed federal budget changes could cut roughly $3 million in federal funding (Title III and migrant programs were mentioned) and that the district's $2 million hedge set aside for federal decline could be insufficient.
Nut graf: The district…
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