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District finance director flags payroll variance and federal grant exposure in February budget update
Summary
Finance director Bill Denasi told the board the district had collected 56.47% of revised general fund revenues year‑to‑date and that salary spending showed a 2 percentage‑point variance tied largely to retroactive pay; staff also flagged roughly $2.3 million in federal grant revenue and discussed contingency options.
Bill Denasi, the district’s director of finance and operations, briefed the board March 24 on the general fund through Feb. 28 and on potential federal‑grant risks.
Denasi said the district had collected 56.47% of its revised general fund revenue plan for the year — $126,290,000 in the revised budget — and called attention to interest and local fees that are recorded throughout the year. On expenditures, he noted the district had spent 58.07% of its salary and wages budget — a 2 percentage‑point increase compared with the prior year — and attributed much of that change to…
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