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Finance report: February receipts, reported fund balance and Summit Learning pass‑through monitoring
Summary
The district reported $5.6 million in February revenue, $3.5 million in expenditures for the period, a projected 15.7% ending fund balance in the memo, and staff flagged an underbudgeted pass‑through cost tied to Summit Learning Charter enrollment growth.
Finance staff presented the February finance and accountability update March 12 and highlighted state school fund receipts, spending monitoring and an underbudgeted pass‑through payment to Summit Learning Charter.
The financial update matters because fund balances and enrollment drive next year’s budget and staffing decisions.
Finance staff said the district received "just over $5,600,000" in revenue for February (including January and February state school funds) and recorded about $3,500,000 in expenditures for the same…
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