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Finance committee approves recommendation authorizing CFO to adjust year‑end ledger; discusses exempt salary increases
Summary
The finance committee voted to recommend the board authorize the chief financial officer to make year‑end budget adjustments to close out fiscal 2024–25. Committee members also reviewed proposed exempt‑staff salary adjustments averaging 3.35 percent overall and discussed competitive pay and hiring challenges.
The finance committee voted unanimously to recommend that the school board authorize the chief financial officer to make year‑end budget adjustments to the 2024–25 ledger so staff can close the year and correct budget line items without bringing hundreds of small moves back to committee.
Mike Weaver, chief financial officer, explained the adjustments fall into two categories: (1) reclassifications that correct how actuals have been coded on the ledger and (2) budget line reallocations that require board approval when entire budget lines move. Karen (staff member) and Weaver told the…
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