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Mount Vernon board adopts May forecast, creates capital and severance funds and ratifies labor contracts
Summary
Mount Vernon City Schools on May 19 approved a May financial forecast, established a capital projects fund and a fund for termination/severance benefits, and ratified two negotiated agreements; Treasurer Judy Vooring detailed higher supply costs, a $500,000 textbook adoption and an expected year-end carryover of about $19.7 million.
Mount Vernon City Schools’ board on May 19 approved the district’s May financial forecast, established two new reserve funds for capital projects and termination benefits, and ratified two negotiated bargaining-unit contracts.
Treasurer Judy Vooring presented the forecast and the fund resolutions to the board. “Based on what we know right now … we are expecting to end this fiscal year with the $19,734,000,” Vooring said, summarizing the district’s current projection. She told the board the district had increased supplies and materials appropriations this year to about $2,000,000 — roughly $1.8 million spent so far — and had included a roughly $500,000 textbook-adoption expense in the forecast.
The board approved a resolution to create an 070 capital projects fund for long-lived maintenance and construction items (roofs, furnaces, paving, furniture and similar categories)…
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