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District CFO warns state apportionment timing change will force Longview School District to carry cash into August
Summary
Longview School District Chief Financial Officer Patty told the board the state legislature’s change to the apportionment schedule will push roughly $2 million in revenue into August, requiring the district to use fund balance for cash flow until receipts arrive.
Patty (chief financial officer) told the Longview School Board that a change the state legislature made to the K-12 apportionment schedule will shift more state revenue into July and August and force the district to carry cash longer than planned.
“This is going to have to be carried now until August,” Patty said, describing how the legislature increased the July/August apportionment slice from 22.5% to 24% and moved some prior February–April apportionment into the later months.
The change matters because school districts receive large, uneven…
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