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Monthly finance reports show year-to-date improvement; district leaders warn fund balances remain low
Summary
A monthly financial report presented to the board showed year-to-date revenues exceeding expenditures by roughly $3.6 million through February and other early signs of improved spending controls; leaders cautioned fund balances remain below ideal reserves and capital needs persist.
At the March 10 Committee of the Whole meeting, consultant Dr. Grossi presented a revised monthly financial report that shows year-to-date revenues outpacing expenditures through February and early signs that the district may outperform its approved budget.
Dr. Grossi said the district received "a little over $25,000,000" in revenues for February and spent "a little over $16,000,000" that month, as shown in the monthly snapshot. He told the board that year-to-date revenues were about $114 million and year-to-date…
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