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District reports strong reserves; Prop V projects continue with KAI update
Summary
The district reported fund reserves near $29.9 million and operating fund reserves around 30% while staff reviewed capital projects tied to Prop V, including a bus lot, boardroom renovation and athletic facility work; KAI reported the CSC boardroom is roughly 75% complete.
Finance and operations staff reported a strong fiscal position and provided a construction update on Prop V projects.
Chief financial staff told the board the district held just under $29.9 million in total reserves (44.23% of funds) through December, with operating fund reserves (general/incidental/teachers) near 30.03%. Year-to-date revenues through December were roughly $33.7 million and expenditures about $30.7 million, the presentation said. The finance director said…
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