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District 100 financial snapshot shows investment gains; board adopts consent agenda and completes reorganization
Summary
District finance staff reported higher‑than‑budgeted investment interest and presented a tentative amended budget for public display; the board adopted the consent agenda by roll call and completed reorganizational business including swearing in a newly elected member and naming officers.
The Berwyn South School District 100 board received a financial update showing stronger investment returns than budgeted and took several procedural actions, including adopting the consent agenda and completing the board’s annual reorganization.
Financial highlights
Jenny (district finance staff) reported the district’s bank balance at $40,500,000 and investments at $32,500,000. Revenue for April to date was reported at $4,036,000 and the district’s March cash‑flow figure was $13,500,000 (driven by the second installment of tax receipts). Jenny said the district had budgeted $1,000,000 for investment interest but had received $1,700,000 year‑to‑date and increased the budget estimate accordingly. Expenditures for March were…
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